Attention investors and renovators with experience! This is a rare opportunity to unleash your imagination and transform this significant fixer-upper fourplex into a magnificent investment property. This property has tremendous potential for those who aren't afraid to roll up their sleeves and undertake a renovation project. Each of the four units is 915 square feet in size, providing a solid base for reimagining these living spaces. With 2 bedrooms and 1 bathroom in each unit, there is ample space for prospective tenants to enjoy. Due to deferred maintenance, this property is in need of significant repairs. The structure requires repair, including a failed septic tank and a failed flat, rubber torch-down roof. However, do not let this deter you!
By investing your time and energy, you can revitalize this property and transform it into a highly desirable asset. For brokers and purchasers who have been thoroughly vetted, inspection reports are available to help you understand the scope of the required work. In addition, we have a large number of detailed photographs available for your review, giving you a clear comprehension of the property's condition prior to making an offer. Please note that showings will not be scheduled until an offer has been accepted. Please make your offers "Subject to Interior Inspection. " The financials reflect current income projections.
Property Type: Multi-Family
Lot Area: 0.33 acres
Building Size: 3,224 square feet
Zoning: R-18 Higher Density Residential (R-18)
Attention investors and renovators with experience! This is a rare opportunity to unleash your imagination and transform this significant fixer-upper fourplex into a magnificent investment property. This property has tremendous potential for those who aren't afraid to roll up their sleeves and undertake a renovation project. Each of the four units is 915 square feet in size, providing a solid base for reimagining these living spaces. With 2 bedrooms and 1 bathroom in each unit, there is ample space for prospective tenants to enjoy. Due to deferred maintenance, this property is in need of significant repairs. The structure requires repair, including a failed septic tank and a failed flat, rubber torch-down roof. However, do not let this deter you!
By investing your time and energy, you can revitalize this property and transform it into a highly desirable asset. For brokers and purchasers who have been thoroughly vetted, inspection reports are available to help you understand the scope of the required work. In addition, we have a large number of detailed photographs available for your review, giving you a clear comprehension of the property's condition prior to making an offer. Please note that showings will not be scheduled until an offer has been accepted. Please make your offers "Subject to Interior Inspection. " The financials reflect current income projections.
Property Type: Multi-Family
Lot Area: 0.33 acres
Building Size: 3,224 square feet
Zoning: R-18 Higher Density Residential (R-18)
PROPERTY DESCRIPTION
ADDRESS
New Paragraph
CITY, STATE, & ZIP
New Paragraph
UNITS
New Paragraph
YEAR BUILT
New Paragraph
BUILDING SF
New Paragraph
TYPE
Property Type: Multi-Family
CONSTRUCTION
New Paragraph
ZONING
Zoning: R-18 Higher Density Residential (R-18)
APN
New Paragraph
OFFERING SUMMARY
SALE PRICE
PRICE PER UNIT
New Paragraph
PRICE PER SF
New Paragraph
CAP RATE
New Paragraph
MARKET CAP RATE
New Paragraph
GRM
New Paragraph
MARKET GRM
New Paragraph