- Bedrooms
- 4
- Bathrooms
- 2
- Living area (sq ft)
- 1,622
- Lot (acres)
- 0.2
- Type
- Multi-family
- Built
- 1969
Listing courtesy of Equity Real Estate (Advantage) · MLS #2188570
About this home
Great investment opportunity! This well-cared-for property offers an excellent opportunity for an investor looking to build or expand a rental portfolio. Even better, this property is part of a larger offering that includes three duplexes and a fourplex. That's 10 total units that can be purchased together. For an owner-occupant, this can be a great way to become a property owner while having other tenants help offset the mortgage payment. Great condition. Newer kitchens, windows, flooring, paint, etc. Each unit is currently renting for $1,600 per month. Market rent is $1,700 per month per unit, giving a Gross Rent Multiplier of 191 and a CAP Rate of 6.28. Whether you're looking for a single investment property or interested in acquiring the entire 10-unit portfolio, this is an opportunity worth exploring. See MLS #2188578 for 791 E Whitemaple Way, #2188573 for 1324 E 4170 S, and #2188566 for 180 E Baird Ave. Call Agent for Showing Appointments. Do not disturb tenants!
