Price: |
$189,999 |
Status: |
Active |
Taxes: |
$6,344 |
Lot Size |
0.22 |
ATTENTION INVESTORS! This 4-Unit property in need of rehab is an amazing opportunity. Once rehabbed, the property can generate a market rate rental income exceeding $5,600 per month, ensuring strong cash flow. Including a healthy rehab budget, the conservative return on cash investment should exceed 20%. There are two 3 bedroom units, 1 two bedroom unit and one single bedroom unit. The one and two bedroom units are empty and ready for rehab, and the three bedroom units are occupied month to month. This property offers both immediate income potential and long-term value appreciation. Plus, the diverse unit mix attracts a wide range of tenants, enhancing its stability and investment appeal. The sale of this property being listed is contingent upon the proposed Seller (or "Contract Owner") completing his/her/its purchase of this property. "Seller" currently has this property under contract for purchase.
Listed by Casey Corcoran of Unique Realty LLC.