Property Description

This 4plex was built in 1984 BY THE OWNER.He's owned it for over 40 years.Gross monthly rent is currently $2,325. All units are month-to-month. Owner has kept rents low since the building has had long term tenants stay.Each unit has a garage stall.Current rents compared to market rents:Unit 1 (2 bed)-$600-->$750Unit 2 (2 bed)-$450-->$750Unit 3 (2 bed)-$625-->$750Unit 4 (3 bed)-$650-->$900Gross rents if rents are improved: $3,150Opportunity to go higher if units had updated cosmetics.Laundry income also averages about $75/ month on top of that.Owner pays electric for common space hallway and water/sewer/garbage for the building.Tenants pay electric for their unit.Notice for pending special assessment for Main Ave road project of an estimated $919.41. (attached in documents)

Property Features

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