This HB 4plex was just extensively remodeled including new kitchens, bathrooms, flooring, energy efficient lighting, updated switches and outlets, new exterior and interior paint and more. With current rents that are close to fair market value, this building generates solid gross scheduled income of over $108,000. The smart unit mix includes one 3 bedroom/2 bath unit over the garages and three 2 bedroom/1 bath units on the ground floor. Resident amenities include onsite laundry room (owner-owned machines generate approximately $300 a month), a large fenced private back patio area, a large 1 car garage for each unit, plus additional onsite parking. This building is conveniently located in a designated Qualified Opportunity Zone, which can offer potential tax advantages to savvy investors while generating nearly a 5% cap rate with current income.
Listing courtesy of Christian Walsh from Coldwell Banker Realty
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