Attention investors, here is the solid return you have been searching for. This is a centrally located, legal four plex consisting of 2-2 bedroom and 2- 1 bedroom units. The larger units have had extensive renovations completed on them along with upgrades to the furnace (2018) and metal roof ( 2020). This building currently generates $61,800 in gross income per year providing a net operating income of almost $43,000 a year. That's over a 7% cap rate. There is lots of room for rent increases as some tenants leave. This is a very well maintained building that would make an impressive addition to any investment portfolio. (id:47421)
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Detailed Information
Bedrooms
6
Bathrooms
4
Lot
40.25 x 117 ft
Amenities Nearby
Public Transit, Schools
Community Features
School Bus
Equipment
None
Features
Irregular lot size
Listing Contract Date
2025-02-27
Location Description
Cassells St & Fifth Ave West
# of Parking Spaces
2
Property Type
Single Family
Rental Equipment
None
Structures
Porch, Deck, Shed
Transaction Type
For sale
Views
City view
Zoning Description
R3
Building
Appliances
Dryer, Refrigerator, Stove, Washer
Basement Development
Unfinished
Basement Type
Partial (Unfinished)
Exterior Finish
Brick, Vinyl siding
Foundation Type
Block, Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Fourplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Utilities
Type
Description
Cable
Installed
Wireless
Available
Natural Gas Available
Available
Sewer
Installed
Land
Total Size
40.3 x 117 FT
Amenities
Public Transit, Schools
Fence Type
Fenced yard
Sewer
Sanitary sewer
Size of Irregular Land
40.3 x 117 FT
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