Re/Max Edge
Listed by Re/Max Edge
$1,100,000
182-184 Morningstar Road
Details
APN 01152-105
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,548
Units 4
Year Built 1931
Stories 2
Acreage 0.080
Zoning C1-R3-2
Multifamily | 4 Units
Marketing description
Exceptional four-family detached investment property in the heart of Elm Park / Mariners Harbor! This legal 4-unit building is fully rented, generating an impressive 13,100 per month in gross rental income—over 157,000 annually—with all rents collected by the 13th of each month, ensuring steady, predictable cash flow from day one. Each apartment is separately metered and occupied by reliable, long-term tenants. The property sits on a 3,597 sq ft lot with approximately 2,548 sq ft of living area, offering four well-maintained, self-contained units with low owner expenses.
Highlights:
• Legal 4-family detached structure
• Fully rented - 13,100/month (157K+ annual)
• All rents paid promptly by the 13th of each month
• Separate utilities | Low overhead | No open violations
• Convenient North Shore location near Forest Ave shopping, schools, buses & highways
• Strong rental demand & investment growth potential
Financing: Cash or hard money loan only—conventional financing not accepted due to an active Stop-Work Order.
Listing Contacts
Re/Max Edge
Listed by Re/Max Edge
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