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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, creating an opportunity for investors to add value and increase returns. With a projected GRM under 4 at the current asking price, this property offers an attractive combination of current value, future cash flow, and appreciation potential. The solid brick construction, four 2-bedroom units, and separate utilities make this an excellent addition to an investment portfolio. Property is being sold as-is.
Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listed By
Agency Name: Zamarelli Realty, LLC
Agency Contact: BuyorSell@RogerRealtor.com, 330-219-6476
Shown By
Agent Name: Stacie Maston
Agent Phone: (330) 207-7604
Agency Title: Burgan Real Estate