Description

Cash-flow opportunity with strong upside! This brick four-unit property consists of three 2-bedroom apartments in the main building plus a separate 2-bedroom apartment above the detached garage. At projected market rents of approximately $800 per month per unit, the property has the potential to generate $3,200 per month in gross rental income ($38,400 annually). All utilities are separately metered and paid by tenants, minimizing owner expenses and maximizing income potential. The main building requires only minor drywall repairs and cosmetic updates in most areas. The detached garage apartment needs a new roof and additional improvements,...read more