OFF-ONLINE. MLS ONLY LISTING. Priced below market value, with potential to take an additional 70K reduction in price, with some adjustments in proposed gross rent. This quadplex currently holds an exceptional cap rate of 8.17%, with potential to achieve well over 11%. Property owner takes pride in his building with over 30 years of ownership. Owner has recently upgraded all water tanks, oil tanks, and also installed new siding in late 2021. Mechanicals and structural of the building are in terrific shape including the plumbing, electrical, roof and heating. The investment has excellent mechanicals, but some units do need some cosmetic TLC, which is perfect for a "BRRRR" or a value add investment. The 3 bedroom unit is currently vacant, and has been recently renovated, which is perfect for an owner occupant. Tour through the large 3,486 SF quadplex and experience the charm of its hardwood floors and real wood trims. Tenants enjoy plenty of parking, 2 car detached garage, washer/dryer in building, and being close to all amenities, including convenience stores, restaurants, schools, parks and more. Current property owner must leaseback his unit. FHA/Conventional and sight unseen offers are fine. Delayed PRIVATE showings until date/time TBD. The sale of this property being listed is contingent upon the proposed Seller (or "Owner") completing his/her/its purchase of this property. "Seller" currently has this property under contract for purchase.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
