Description
Great 4 Unit Rental property investment is in need of cosmetic work, but with incredible income potential. This quadruplex was built in 1988 and no LEAD paint ever to deal with. Located on large 1/2 acre level lot with large open space in rear and side yards. Ample parking in front with room for 8 cars. Exterior has vinyl siding and roof is asphalt shingle. All 4 units are identical layout with each having one living room, eat in kitchen, 2 bedrooms and 1 full bath with tub / shower. Heat for all units is electric baseboard and there is no AC, but window units are allowed. Public water & sewer. Separately metered for electric. Crawl space with no basement. Building is located in flood zone and hazard & flood combined insurance runs $3441 annually. Current income from rent is far under market value and could easily be $43,000 to $48,000 annually with potential Cap Rate of 10%. RARE Opportunity ! Strictly sold "As Is". MUST have 24 hours NOTICE for appts. and be flexible for showings.
Map
Similar Listings
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 24th January, 2021 3:26 PM
