Description
Discover a well-maintained, single-story 4-plex ideally located near top-rated schools and convenient shopping. This turnkey property has been professionally managed, ensuring consistent performance and reliable oversight.Each unit offers 2 bedrooms and 1 bath, all in good condition with a strong tenant history. Current gross rental income is approximately $70,000 per year, with annual expenses around $20,000, resulting in a 6.15% cap rate.Current monthly rents are $1,350, $1,495, $1,495, and $1,495, with shared utility costs averaging approximately $550 every other month.The property has been diligently maintained since the seller's purchase in 2018, including $5,000 in recent tree trimming and ongoing attention to upkeep. All financials, leases, and reports are available through management for buyer review. With stable cash flow, professional management in place, and a solid return in a desirable rental market, this property is an excellent addition to any investor's portfolio.
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8BEDS
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0.3ACRES
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4BATHS
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01/2 BATHS
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3,780SQFT
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$216$/SQFT
School Information
Description
Discover a well-maintained, single-story 4-plex ideally located near top-rated schools and convenient shopping. This turnkey property has been professionally managed, ensuring consistent performance and reliable oversight.Each unit offers 2 bedrooms and 1 bath, all in good condition with a strong tenant history. Current gross rental income is approximately $70,000 per year, with annual expenses around $20,000, resulting in a 6.15% cap rate.Current monthly rents are $1,350, $1,495, $1,495, and $1,495, with shared utility costs averaging approximately $550 every other month.The property has been diligently maintained since the seller's purchase in 2018, including $5,000 in recent tree trimming and ongoing attention to upkeep. All financials, leases, and reports are available through management for buyer review. With stable cash flow, professional management in place, and a solid return in a desirable rental market, this property is an excellent addition to any investor's portfolio.
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