Listed by Coldwell Banker West Hyde Park, Coldwell Banker Realty
$450,000
Colter Avenue
Details
APN 003-0002-0092-00
Property Type Multifamily
Sub Type Apartment Building
NOI $20,911
Year Built 1954
Acreage 0.667
Multifamily
Marketing description
Turn-key, well-maintained four-family property at 6026 Colter Ave offering immediate income with significant value-add potential. This solid asset features four 1-bedroom units, all currently leased below market rentsproviding a clear opportunity to increase NOI and drive long-term equity growth. Each unit is clean, functional, and attractive to tenants, supporting stable occupancy and consistent cash flow. The oversized lot offers multiple avenues for expansion,including the potential to add an ADU or enhance outdoor amenities. There is also an opportunity to create a fifth unit in the basement (subject to approvals), further maximizing rental income. Additional upside includes installing coin-operated laundry for passive income. Strong rental demand supports future rent increases, making this an excellent opportunity for investors seeking both stability and growth.
Listing Contacts
Listed by Coldwell Banker West Hyde Park, Coldwell Banker Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$20,911.00
$1,742.58/mo
Valuation Metrics
0
DSCR
4.65%
Cap Rate
4.65%
ROI
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