Four-plex Apartments for Sale
|Catylist Listing ID:
|Number of Units:
|Building Size (RSF):
|Gross Building Area:
||$51,875 Per Unit
|Property Use Type:
||Cash to Seller
|Average Occupancy Rate:
Overview / Comments
Most of the units have been renovated with updated kitchens and hardwood and ceramic flooring. Tenants have been there long enough that they are all now month to month. Most of the rents are below current market, so a new owner could either get new leases on the current tenants, or new renters at market value. Cap rate is based on average rent of $525 per month. Market rent is currently about $600 per month, so lots of upside potential. Units are all two bedroom, 1 bath and each have their own laundry hookups. 3017 Melody Acres includes a large exterior shed next to it for storage. Off street parking on the sides of both building.
Attachments & Media
||R-6 - Residential Multi-Family District
|Property Located Between:
||Off of Cane Run Road near Rockford Lane
|Total Number of Buildings:
|Number of Stories:
||Parking on each side with long spaces available allowing 2 spots per unit.
||In Each Unit
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