
609 Allegheny Ave
Multifamily Quad Plex
Marketing description
ully Renovated 4-Unit multi-Plex | Cap Rate: 14.6% This turnkey 4-unit property was fully remodeled in May 2024, eliminating the headaches of deferred maintenance and positioning it as a high-yield investment. Tenants pay their own utilities. Recent Upgrades: New kitchens, Stoves, and Refrigerators; new full bathrooms; updated flooring throughout; new plumbing with PEX fixtures, shut-off valves, and new hot water tanks; new 90% efficient gas furnaces were installed in each unit; new sewer lines. Select units that have been upgraded with new windows and electrical panels. Investment Highlights: Cap Rate: 14.6% Strong cash flow with updated mechanicals and finishes. Annual Leases, Low near-term maintenance risk due to extensive renovations. Multiple units were already modernized, making them attractive to quality tenants. This property combines IMMEDIATE INCOME with long-term stability, making it ideal for investors seeking both yield and reduced capital expenditure risk.
Investment highlights
New kitchens
New Stoves and Refrigerators
New full bathrooms
New flooring throughout
NEW plumbing with PEX fixtures, shut-off valves, and new hot water tanks
New 90% efficient gas furnaces were installed in each unit
New Sewer Lines
Cap Rate: 14.6% Strong cash flow with updated mechanicals and finishes
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