

Listed by Century 21 Affiliated
$319,000
6837 S Morgan Street
Details
APN 20204120120000
Property Type Multifamily
Sub Type Apartment Building
NOI $36,936
Year Built 1920
Acreage 4375.000
Zoning MULTI
Multifamily
Marketing description
Turnkey Brick 2-Flat | Fully Rehabbed | Income-Producing Day One Private Laundry Per Unit | Basement Storage | Duplex-Down Potential A rare opportunity to own a fully renovated, cash-flowing 2-flat with stable, long-term tenants already in place and rent hitting your account every month - no work, no waiting. The Units: Unit 1 - 2 bed | 1 bath | hardwood floors | updated kitchen Unit 2 - 3 bed | 1 bath | hardwood floors | updated kitchen Each unit features its own private laundry room and dedicated basement storage. Tenants pay all utilities. The Building: Comprehensively rehabbed in 2021 with updated plumbing and electrical throughout. Roof inspected and repaired. New back porch siding. Mechanically sound and genuinely low-maintenance - the heavy lifting is already done. The Upside: The large unfinished basement presents a compelling value-add play: rough plumbing is already in place for a duplex-down conversion, turning this 2-flat into a 3-unit and unlocking a significant additional income stream. Why It Works: Stable tenancy | Utilities paid by tenants | Rehabbed & move-in ready | Value-add conversion potential | Motivated seller
Listing Contacts


Listed by Century 21 Affiliated
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,936.00
$3,078.00/mo
Valuation Metrics
0
DSCR
11.58%
Cap Rate
11.58%
ROI
Map
Zoning
RS-3 ResidentialSingle FamilyResidential Single Unit District
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View all 49 uses Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics
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