Property Description

Discover a smart investment opportunity with this low-maintenance brick 4-plex. Whether youre a seasoned investor seeking dependable cash flow with room to grow or a savvy buyer ready to take advantage of owner-occupied lower interest rates by living in one unit and renting out the others, this property checks all the boxes. This well-kept property offers four spacious 2-bedroom, 1-bath units, each designed with a functional layout, abundant natural light, and comfortable living spaces that tenants appreciate. The property has seen recent updates, including modern flooring and refreshed kitchen and bath finishes in one unit, along with additional improvements throughout. These upgrades support strong rental appeal while leaving room for future value-add opportunities. With current rents below market and projected increases up to $1,500 - $1,550 per unit, investors can unlock greater income potential over time. Each unit includes desirable features such as in-unit laundry, dishwashers, refrigerators, and range ovens. Separate gas and electric meters make management simple, while tenants pay their own utilities. The property also includes central air or evaporative cooling and forced air heat. Situated on a 0.19-acre lot with 7 total parking spaces, including off-street and carport options, this property offers convenience for residents. Its location near public transit and with a walk score of 75 adds to tenant demand and long-term stability. With a current cap rate of 6% and projected cap rate near 8%, this is a strong option for investors seeking steady income and upside potential. Whether expanding your portfolio or entering the multifamily market, this property delivers a balanced mix of stability and growth.

Property Features

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