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$475,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 12 |
0.00 |
0 |
$6,453.04 |
1926 |
|
On the market:
0 days
|
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Turnkey cash-flowing 3-unit building with strong income and upside. Each unit features a large 4-bedroom layout, fully occupied with rents at $1,850, $1,850, and $1,700/month. All tenants are on month-to-month leases, allowing for immediate flexibility and value-add potential. Offered at $475,000, this asset delivers approximately an 8% cap rate with current operations. Monthly expenses reported at ~$2,200, making this a solid performer from day one. Ideal for both investors and owner-occupants-live in one unit while the remaining units generate income to significantly offset your mortgage. Strong unit mix, in-place cash flow, and the ability to increase rents or reposition over time. Property is positioned with a city-owned vacant lot on one side and a neighboring church on the other, providing added spacing and a more open feel compared to typical densely built properties. Property being sold AS-IS. Buyer to perform their own due diligence.
Listing courtesy of Mark Anthony, arhome realty