4-Unit Multifamily | Rental Upside Opportunity
Multifamily | 0.00% CAP | 4 Units
Marketing description
PRICE REDUCED – NOW OFFERED AT $329,000 ($21,000 Price Improvement)
This four-unit multifamily property presents an excellent value-add investment opportunity with immediate income and significant upside potential. The property is currently generating $1,740 per month from two occupied units leased at $800/month and $940/month, while two recently renovated units are vacant and ready for lease, offering an immediate opportunity to increase rental income and improve overall returns. The two vacant units are currently being marketed for lease at $725/month and $795/month
Recent capital improvements include foundation repairs, renovations to both vacant units, new siding, fence improvements with fresh paint, and fresh exterior paint. These updates enhance the property's condition, improve curb appeal, and help reduce near-term capital improvement needs for a new owner.
Investment highlights
- Current Rental Income: Two occupied units generating $1,740/month in gross rental income ($800 and $940/month).
- The $21,000 price reduction.
- Two renovated vacant units ready for lease.
- Recent capital improvements (foundation repair, renovated units, siding, fence improvements, exterior paint).
- Lease-up opportunity to increase NOI and property value.
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