Offering 2-story great brick fourplex with 100% occupancy. Nice floorplans with wood burning fireplaces, private fenced patios, covered parking and storage spaces. All kitchen appliances included.
INCOME GENERATING PROPERTY in great condition. Each unit has 2 bedrooms with a full bathroom upstairs, downstairs offers the kitchen, spacious living, a half bath and a laundry area with full size washer and dryer connections. Each unit has 2 covered parking spaces in the rear of the building. The current average effective rent $1250, whereas the average market rent is $1400 as these units are upgraded with fresh paints, new flooring. Currently one unit is vacant, which requires make ready and will be leased at $1300+ upon completing the work.
All occupied tenants are on annual lease and it will be a great opportunity to increase rent to generate more income during the lease renewals to improve the cashflow.
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