Four unit apartment building located at the end of the row offering additional light, and strong rental appeal. This oversized property features more than 2600 square feet of living space, making it a powerful income producing asset for any portfolio.
Investors seeking immediate cash flow will appreciate the solid rent roll and low expense structure. Tenants pay their own electric, heat, cooking gas, and hot water. Owner expenses are limited to water, sewer, trash, insurance, and taxes, maximizing net income.
For the savvy house hacker, the current owner has intentionally left one unit vacant, creating the perfect opportunity to move in and take advantage of FHA owner occupant financing while the remaining units help cover your mortgage.
Current rent roll:
Two bedroom unit 1300 per month
One bedroom unit 1100 per month
One bedroom unit 1100 per month
Studio unit 950 per month
Strong income, minimal owner expenses, and built in upside make this a standout opportunity for both investors and owner occupants. Properties with this size, layout, and income potential do not come along often. Higher than average CAP rate 11%.