8430 Wiley Post Ave
Multifamily | 5.84% CAP | 4 Units
Marketing description
8430 Wiley Post Ave is a well-positioned 4-unit property offering a blend of new construction, mid-term rental income, and strong appeal for both investors and owner-users. The property generates $123,000 in current annual income, with one-bedroom units achieving approximately $3,500/month on mid-term rentals.
The property features a great unit mix of four 1-bedroom/1-bath units, including two newly constructed units completed in 2024. These rear units offer vaulted ceilings, in-unit washer and dryer, all new appliances, and private outdoor spaces, making them highly attractive to both tenants and mid-term rental users.
The front unit features a large private yard, a rare amenity that enhances livability and makes it especially attractive for an owner-occupier or long-term tenant. Currently, the back and middle units are operated as Airbnb rentals, generating strong income; however, these units can be delivered vacant at close of escrow, providing a buyer with immediate flexibility to set market rents, continue mid-term rental operations, or occupy a unit.
This flexibility allows a buyer to implement their preferred strategy from day one—whether maximizing returns through mid-term rentals or occupying a unit while offsetting expenses with rental income.
Located north of Manchester, the property sits in a quiet residential neighborhood in Westchester, making it appealing to both tenants and owner-occupants.
Investment highlights
- 4-unit property generating $123,000 in annual income
- Two units can be delivered vacant at close of escrow
- Two newly constructed units (2024) with modern finishes
- Rear units feature vaulted ceilings, in-unit washer/dryer, and private outdoor spaces
- Front unit includes a large private yard—ideal for owner-occupier
- Back and middle units currently operating as Airbnb rentals
- Flexibility to operate as mid-term rentals or traditional rentals
- Quiet residential location in Westchester, north of Manchester
- Ideal for investors seeking yield or owner-users looking to offset living expenses
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