1810 Place
Multifamily | 4 Units | $300,000/unit
Marketing description
Value-Add 4-Plex
Already cashflowing with current income is $76,800/year with room to grow to $89,000.
Rare opportunity to acquire a 4-unit income property in one of the area's most sought-after neighborhoods. Two units have already been renovated, with a clear path to maximize the remaining upside.
The property started as a main house with mother-in-law suite and later expanded with a 3-plex on the same lot. 3 units are 2 bed/1 bath., one is 4 bed 2 bath.
Value Add: renovate the third unit, then repurpose the main house as a full 4 bed/2 bath rental commanding top-of-market rents.
Owner-occupant and house-hack potential as well.
*Agent is an owner of this property
Investment highlights
Low expenses, already generating $76,800 with strong tenants. No vacancy and room to increase rents with current tenants or remodel and increase significantly.
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