Description
Excellent value add opportunity! 4 Plex located in the up and coming Historic Northeast! This property features 1 x 2 bed units, 2 x 1 bed unit, and a studio unit. Gross potential rents $4000/mo! Currently under rented with long term tenants on month to month leases. This property could use cosmetic updates to each unit, along with exterior work and roof. There is additional room to add value by adding separate meters for utilities. Current rents are well below market - $500/$500/$600/$600, with 1 tenant moving out in the next couple weeks. Listing agent has interest in LLC that owns property.
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0BEDS
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0.1ACRES
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0BATHS
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01/2 BATHS
Description
Excellent value add opportunity! 4 Plex located in the up and coming Historic Northeast! This property features 1 x 2 bed units, 2 x 1 bed unit, and a studio unit. Gross potential rents $4000/mo! Currently under rented with long term tenants on month to month leases. This property could use cosmetic updates to each unit, along with exterior work and roof. There is additional room to add value by adding separate meters for utilities. Current rents are well below market - $500/$500/$600/$600, with 1 tenant moving out in the next couple weeks. Listing agent has interest in LLC that owns property.
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