Average square foot calculated using Size range provided by listing agent.
Description
Well-maintained 4-unit multifamily property situated on a 9, 017 SF lot in a strong rental pocket. Each unit offers 2 bedrooms and 1 bathroom, currently generating $7, 100/month in actual rental income, with market rent potential of $7, 600/month. The property produces $85, 200 in gross annual income, with a current NOI of $42, 621 and market NOI of $48, 621, yielding a cap rate of 5.68%. Utilities are shared across all units (not separately metered), keeping operational costs straightforward. With a proven rental history, stable long-term tenants, and clear income growth potential, this asset presents a solid opportunity for investors seeking a cash-flowing property with value-add upside and long-term appreciation. Do not disturb tenants. Showings by appointment only.Show Description
MLS® NumberA11844934
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1974
Basement
Driveway
Garage Spaces
HeatCentral
A/CCeiling Fan(s)
Heating Fuel
Extras
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