

Friar Tuck (Sherwood Forest) 4 Plex
1031 Exchange Investment Opportunity 100% Occupied!
Marketing description
LOCATION, LOCATION, LOCATION! 100% Occupied! Multi-family investment opportunity with convenient access to I-565 and Research Park, located less than 10 minutes from Bridge Street, MidCity, Redstone Arsenal Gate 9, shopping and dining. This 4-plex features four spacious 2-bedroom and 2 full bath units, each designed with functional layouts with exterior storage closets. Every unit includes a kitchen equipped with refrigerator, range/oven, dishwasher, disposal and microwave. Floor plans offer a dining area with side entry door, living room, W/D connections, hall linen closet, and coat closet. Bedrooms have ceiling fans and primary bedrooms feature private full bathrooms and huge walk-in closets.
Tenants pay: water, sewer, & electric. Owner pays: waste removal & landscaping. Roof and gutters less than 2 years old, 3 HVAC units replaced in the last 5-6 years. All appliances and water heaters have been replaced within last 5-10 years. Interior finishes: 2 w/ tile, 1 w/ LVP, & 1 w/ carpet. Rear parking lot w/ 2 spaces/unit. 2 tenants on month-to-month leases, 2 recent tenants on 1-year leases. Current rents are slightly below market, offering immediate upside potential & opportunity for future rent increases. Please do not disturb tenants.
Investment highlights
Perfect addition to your portfolio or 1031 exchange replacement property with immediate opportunity for rent increases on two- month to month leases.
2 Bedroom/ 2 Full Bathrooms
Easy access to I-565, Research Park and Redstone Arsenal Gate 9
Nearby shopping, restaurants and entertainment including Bridge Street Town Center, Mid City District
Strong rental demand area with excellent accessibility.
Individually metered and tenants pay water, sewer and electric.
Roof and Gutters less than 2 years old
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