228 South 4th Street
About This Property
Marketing description
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Property sold as-is. Well maintained units. Private Don't bother the tenants or anyone at property. ADU potential.
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Rents are the following. Unit 1- 228 S 4th a 1 & 1 actual rent $1,245 Pro Forma Rent $1,800.Unit 2- 230 S. 4th a 1 & 1 actual rent $1,800 Pro Forma Rent $1,800. Unit 3- 230 ½ a bachelor unit actual rent $1,200 Pro Forma Rent $1,600. Unit 4- 228 ½ S 4th St bachelor unit actual rent $1,500 Pro Forma Rent $1,600.
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Gross rental income: $5,655.00. Monthly expenses: Water/Sewer $475.00, Trash $190.00, Taxes $206.00, Insurance $268.00. Landscape Maint. $50.00. Total monthly expenses are $1,189.00. NOI. $4,656.00 Laundry hookups in the front units only 228/230 the tenants do not have laundry in their units.
New Sewer Lateral main installed into the street 1/2026. 230 was remodeled 7/2024.
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Overtime rents seem to always go up, so sell it please.
FHA OR VA OK
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Upside Upside Upside!!!
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Investment highlights
FHA OR VA OK
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Upside Upside Upside!!!
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For Sale Or Trade. What do you have to trade? Don't miss this money-making opportunity Four-Plex to start you off as a landlord or just add 4 more units to your growing portfolio. We also have another four-plex and tri-plex for sale so you can purchase 4 units, or 7 units, or 8 units, or 11 units. These are really nice units you will be proud to own and rent or live in one. What do you have to trade???????
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Wonderfully designed and nicely maintained, well-built four units 6969+/- sf lot leaving the potential ADU build out. Two duplexes on one lot. Four detached garages. All 4 units are designed for a quiet relaxing lifestyle. How many ADUs I don't know. Gas & electric bills go directly to the tenant's units-based on separate electric and gas meters for each unit!!!, so the tenant has to pay for them. The water is master metered with the water bill being paid by the owner. Lots of parking spaces for each unit. Very nice rental income. Property sold as-is and do not talk to the tenants. Nicely maintained units. Refer to private remarks for rental income stream.
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Don't miss this great opportunity. What do you have to trade?
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