Property Description

Fully occupied income generating QUADPLEX asset! $51,960 in annual rent income! 9.1% cap rate with the expenses mentioned below. Each unit is individually metered! Utilities are paid by tenant and trash is provided by the city. Great house hacking opportunity, live in one unit and rent the others out to pay the mortgage! Rents are as follows $1,200 ( expires 8/31/2027) , $1,025 ( expires 5/31/2027), $1,025 ( expires 12/30/26) , $1,080 ( expires 6/30/27).Property tax is $2,543 a year , insurance is $2,664 a year. Sellers had an inspector do a report last month and has fixed/updated the issues. Each unit has washer and dryer hook ups( tenants bring and maintain their own washer and dryers). Landlord provides refrigerator, stove/range, pest control ( seller pays $60 a month), landscaping ( $200 a month for 6 months of the year), and HVAC. HVAC ages are unknown however sellers fix and replace the units as needed. No major deferred maintenance as maintenance requests are promptly addressed. Metal roof (age unknown but is in great shape). DO NOT DISTURB TENANTS, SHOWINGS ALLOWED AFTER SIGNED CONTRACT RECEIVED AND APPROVED BY SELLERS. Seller is NOT entertaining seller financing. Buying agent to verify all information in this listing for accuracy. Agent/Broker has a personal interest in this property.

Property Features

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