This large 4-plex went through a full remodel in 2011 (roof, windows, mechanicals, kitchens, bathrooms, ect..), each unit has its own utility meters, mechanicals, and in-unit laundry, making this building operate similar to a small condo building.
This structure uniquely limits investor’s exposure to rising utility costs and gives tenants ownership of their utility usage.
The property also includes an unfinished basement, providing additional storage options. With a separate entrance, it can easily be reserved for owner use if desired.
Current rents are well below market rates, offering clear potential for increased income. The limited availability of 3- and 4-bedroom units in the area further strengthens the investment upside. Seller has completed lead mitigation and all docs will be made available to buyers for review. Property is being sold As-Is.
Listing courtesy of Nathan Schammel, MRG Realty Partners, LLC