Description
Back on the market, Buyer failed to deliver EM, no fault of Seller or property. Buyer wrote offer sight unseen, was scheduled to view units this weekend with inspection next week but failed to deliver EM prior. Fantastic 4-plex, great investment opportunity!! 2 bedroom 1 bath each unit. 2 units have private fenced patio area, 2 units have private fenced back yards. Kitchens & bathrooms updated in 2009, new roof in 2009. Both water heaters replaced in 2021. Common laundry room, could add coin operated machines to generate additional income. Seller is disclosing one tenant has frequent late payments. All units on month-to-month lease. Buyer to conduct own research on potential monthly rent amount, current rents are under market value. Listing agent is related to Seller. Seller is not providing a "cap rate" due to current low market rents. Landlord pays water/sewer, trash, gas, and pays electric in common areas, tenants pay electric in individual units.
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2BEDS
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0.29ACRES
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0BATHS
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01/2 BATHS
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3,464SQFT
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$242$/SQFT
School Information
Description
Back on the market, Buyer failed to deliver EM, no fault of Seller or property. Buyer wrote offer sight unseen, was scheduled to view units this weekend with inspection next week but failed to deliver EM prior. Fantastic 4-plex, great investment opportunity!! 2 bedroom 1 bath each unit. 2 units have private fenced patio area, 2 units have private fenced back yards. Kitchens & bathrooms updated in 2009, new roof in 2009. Both water heaters replaced in 2021. Common laundry room, could add coin operated machines to generate additional income. Seller is disclosing one tenant has frequent late payments. All units on month-to-month lease. Buyer to conduct own research on potential monthly rent amount, current rents are under market value. Listing agent is related to Seller. Seller is not providing a "cap rate" due to current low market rents. Landlord pays water/sewer, trash, gas, and pays electric in common areas, tenants pay electric in individual units.
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