Sold!
$1,250,000
19
Beds
8
Baths
7,368
Living Area
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Property Description
786 Social is a high-performing six-unit asset generating a strong $11,925/month ($143K annually), consisting of (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (4) 3-bed/1-bath units. Each unit has its own washer & dryer, balcony, and spacious living area. With separate electric and gas meters (paid by tenants) and trash removal covered by the city, this is a low-expense property. The asset consists of two 3-unit buildings on one parcel, both having undergone extensive upgrades, including new roofs, siding, electrical, kitchens, bathrooms, flooring, and appliances. Offering a blend of turnkey and value-add potential, this property provides immediate & significant positive cash flow with no work required, while still allowing for additional renovations to further increase revenue. Large, clean basements offer potential storage income, and there's upside potential for condo conversions. An appraisal valued the property at $1.25M, which we have in hand. Financials available.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1910
- Parking Spots: 7
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 44
- Status: Closed
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Additional Details
- Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
- Exterior Features: Balcony
- Interior Features: Upgraded Cabinets, Upgraded Countertops, Remodeled
- Total Number of Units: 6
- Year Built Source: Public Records
- Basement: Full
- Foundation: Concrete Perimeter
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R4
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Amenities
- Community Features: Public Transportation, Shopping, Laundromat, Highway Access, Public School, University
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $502,400
- Tax Year: 2024
- Total Rent: $11,925
- Rental Fee Includes: Unit 1(Water), Unit 2(Water)
- Taxes: $13,557
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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 John Slyman.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
