This may be the best 4-plex available on the market. Current rents at $875/month are below market, but stilloffer a good return on investment. At current rents the property produces a capitalization rate of 6.25%.The rents are scheduledto increase to $950/month on turnover.At $950/month the cap rate increases to 7.16%! NOTE: Other similar units in the neighborhood rent for $975/month. There is also room for lowering expenses. Thecurrent owner is out of area and is currently a voluntary member of the neighborhood owners Association. Act fast! This property is not expected to be on the market for long. Please drive by then call for more information. Neighborhood Description This is an improving neighborhood where you can enjoy a good return on investment while property appreciates as the market improves.
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.
