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$900,000
11
Beds
5
Baths
3,589
Living Area
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Property Description
Cash-flowing 5-unit multifamily with strong rental history. There is additional value-add opportunity with the potential to convert the first floor into two units, increasing overall rental income. Projected cap rate exceeds 9% once current vacancy is filled. The property consists of four 2-bedroom units and one 3-bedroom unit. Three units have been fully renovated with updated electrical, plumbing, and efficient forced air systems—minimizing near-term capital expenditures. Separate utilities with tenants paying their own expenses. Basement storage provides additional income potential. Maintenance-free vinyl siding for ease of ownership. Ideal for investors seeking immediate cash flow with upside through lease-up and future income growth. Owner financing available; terms to be negotiated.
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Highlights
- Heating: Baseboard, Natural Gas, Forced Air, Space Heater
- Property Class: Residential Income
- Stories: 11
- Year Built: 1900
- Levels: 11
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 27
- Status: Closed
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Additional Details
- Appliances: Range, Refrigerator, Microwave
- Flooring: Wood
- Interior Features: Laundry Room, Living Room, Dining Room, Kitchen
- Road Frontage Type: Public
- Total Number of Units: 5
- Year Built Source: Public Records
- Basement: Full, Unfinished
- Foundation: Other
- Lot Features: Level
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: G
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Amenities
- Community Features: Public Transportation, Highway Access, Public School
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Utilities
- Electric: 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $581,300
- Tax Year: 2025
- Total Rent: $8,025
- Rental Fee Includes: Unit 1(Water, None), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $6,656
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of RE/MAX Synergy.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
