About This Property

8.3% CAP RATE IN PLACE, 9.3% ON PRO FORMA: FOUR UPDATED UNITS. This turnkey fourplex delivers day one cash flow with rent upside already built into the numbers. Two separate duplexes sit on a combined 0.40-acre lot (including 3 parcels). Building one is a 1947 duplex with 1,120 sq ft, and building two is a 1954 duplex with 1,280 sq ft. All four units have been updated, so the heavy lifting is done. Current operations produce an 8.3% cap rate, and bringing rents to market per the pro forma pushes returns to a 9.3% cap rate. Add value through rent increases and efficient management, not capital projects. Four doors, two buildings, one lot, and a clear path to higher NOI. Request the rent roll and financials today.

Key Features

• Built in 1947

Property Details

• Type: Single Family Home
• Year Built: 1947
• Lot Size: 0 sq ft
• Sq Ft: 2,400
• Price / Sq Ft: $210
• HOA: Contact Agent
• Bedrooms: 6
• Bathrooms: 0
• Feature: Built in 1947
• Status: Active
• MLS Number: MFR812772487
• Days on Market: 9
• Listed By: COLDWELL BANKER REALTY · Samuel Rudolph
• Zip Code: 33815