Roby Realty
Listed by Roby Realty
$425,000
488 N Jay Street
Details
APN L39011630
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 4
NOI $36,060
Price per SqFt $229
Year Built 1963
Acreage 0.290
Multifamily | 4 Units
Marketing description
This low-maintenance, income-generating 4-unit building features four spacious 2-bedroom apartments, each with in-unit washer/dryer hookups. Currently fully occupied with mostly long-term tenants, the property brings in $3,500/month gross in total rental income. Tenants are responsible for all utilities except trash.
Recent upgrades include three brand-new electric panels and full electrical updates brought to code as of April 2023. One Fully Renovated unit in 2025. The building also had a recent a full roof tear-off and replacement, along with newer gutters installed on the rear side. A new concrete parking pad was poured in 2022.
Additional improvements over time include updated windows, sliding glass doors, and blown-in attic insulation for improved energy efficiency. Property is being sold in as-is condition—an excellent opportunity for investors looking to add a solid asset to their portfolio.
Listing Contacts
Roby Realty
Listed by Roby Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,060.00
$3,005.00/mo
Valuation Metrics
0
DSCR
8.48%
Cap Rate
8.48%
ROI
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