Mint condition 4 plex. $70,000 worth of rehabilitation, including new decking, balcony repair, new plumbing, new rain gutters, new siding, new carpet, new vinyl, bathroom repairs, and new paint on the complete exterior*Roof replaced in 2003 & in good condition*All washers and dryers are five years old*Located within walking distance of downtown in nice neighborhood*Seldom a vacancy*Building is 4040 square feet, so all units are nice size*Two units are townhouses and two units are large one bedrooms*Gas fireplaces in two of the units*With a 5 percent rent increase per year over the next 5 years an investment of approximately $200,000 should double to $400,000, without including tax shelter benefits*Fantastic opportunity to own a pride of ownership property
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2020 MetroList Services, Inc.
Listings marked with V* indicate the seller is willing to entertain offers within a Listing Price range. For example, a Price of $140,000-$170,000 indicates the seller will entertain offers from $140,000 to $170,000.
Listing information last updated on June 6th, 2020 at 11:52pm PDT.