Description
This 4-unit property is situated on 1.72 acres and boasts huge potential for a builder looking to expand. With street access already situated at the end of the lot, this property is in a prime location in the path of progress. The seller has made improvements to the property, cosmetic and deferred maintenance making it an attractive investment opportunity. The property features 4 meters for electricity and gas, fees were paid for 4 water meters but not installed at this time. 3 new water heaters installed, including one with an On-Demand H20 heater. Currently 3 out of the 4 units are rented offering a steady stream of income. All appliances in each unit convey with the sale of the property making it a turnkey investment. Unit 1 is currently rented for $1725 and can be used as a 2BR or a 1BR with a smaller den, in addition to finished storage room. Unit 2, renting for $1650, is a 1-BR with a storage room and garage door still in place. Unit 3, which has been rented since 2018 for $2100, is a 1-bedroom with a storage room that has been used as an additional bedroom. The rent for this unit has never been raised. Unit 4, was previously rented for $1630 and is a 1-bedroom with a storage room. Don't miss out on the chance to be a part of this investment opportunity.
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5BEDS
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1.71ACRES
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4BATHS
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01/2 BATHS
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2,304SQFT
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$586$/SQFT
School Ratings & Info
Description
This 4-unit property is situated on 1.72 acres and boasts huge potential for a builder looking to expand. With street access already situated at the end of the lot, this property is in a prime location in the path of progress. The seller has made improvements to the property, cosmetic and deferred maintenance making it an attractive investment opportunity. The property features 4 meters for electricity and gas, fees were paid for 4 water meters but not installed at this time. 3 new water heaters installed, including one with an On-Demand H20 heater. Currently 3 out of the 4 units are rented offering a steady stream of income. All appliances in each unit convey with the sale of the property making it a turnkey investment. Unit 1 is currently rented for $1725 and can be used as a 2BR or a 1BR with a smaller den, in addition to finished storage room. Unit 2, renting for $1650, is a 1-BR with a storage room and garage door still in place. Unit 3, which has been rented since 2018 for $2100, is a 1-bedroom with a storage room that has been used as an additional bedroom. The rent for this unit has never been raised. Unit 4, was previously rented for $1630 and is a 1-bedroom with a storage room. Don't miss out on the chance to be a part of this investment opportunity.
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