Description
Great investment property. 11.4 Cap rate when fully occupied! Currently 3 of 4 units rented. Unit A rents for $850/mo. Unit B rents for $700/mo. Unit D rents for $700/mo. The vacant unit is a newly turned efficiency unit with a predicted rent rate of $700/mo. There is also a two-car garage at the property- one tenant is renting a stall for $50/mo and the other stall is vacant. Current rent collection is at $2300/mo with one unit and one garage stall still available. Each unit has its own separate electric meter, so tenants each pay their own electric bills, which covers heating. This fourplex has had many improvements since it's recent sale, including basement waterproofing and joist work by Forte, basement cleanout, water heater replacement, washing machine replacement, plumbing repairs, and exterior door replacements as well as two newly turned units.
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4BEDS
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0.25ACRES
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4BATHS
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01/2 BATHS
School Information
Description
Great investment property. 11.4 Cap rate when fully occupied! Currently 3 of 4 units rented. Unit A rents for $850/mo. Unit B rents for $700/mo. Unit D rents for $700/mo. The vacant unit is a newly turned efficiency unit with a predicted rent rate of $700/mo. There is also a two-car garage at the property- one tenant is renting a stall for $50/mo and the other stall is vacant. Current rent collection is at $2300/mo with one unit and one garage stall still available. Each unit has its own separate electric meter, so tenants each pay their own electric bills, which covers heating. This fourplex has had many improvements since it's recent sale, including basement waterproofing and joist work by Forte, basement cleanout, water heater replacement, washing machine replacement, plumbing repairs, and exterior door replacements as well as two newly turned units.
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