$369,900
1
Bed
4
Baths
1,900
Living Area
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Property Description
Investors Take Notice! It is a pleasure to present this well-maintained 4-unit investment property offering strong upside potential. The property consists of one fully remodeled 1-bedroom unit and three studio apartments. The studio units could benefit from updates, providing an opportunity to increase value over time, while the long-term tenants have expressed interest in remaining in place. The property features ample off-street parking and minimal exterior maintenance. Tenants pay their own electricity and electric baseboard heat, while the owner is responsible for domestic hot water. Additional improvements include a newer driveway (approximately 5 years old), new exterior decks, and a basement that has been professionally reinforced and skim-coated with concrete. Whether you're looking to expand your portfolio or enter the multifamily market, this income producing property offers stable occupancy with future value-add potential!
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Highlights
- Cooling: Window Unit(s)
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1885
- Heating: Electric
- Parking Spots: 6
- Property Type: 4 Family
- Total Rooms: 14
- Status: Active
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Flooring: Tile, Carpet, Laminate, Stone/Ceramic Tile
- Interior Features: Bathroom with Shower Stall, Remodeled, Internet Available - Unknown, Studio, Living Room, Kitchen
- Roof: Shingle
- Total Number of Units: 4
- Year Built Source: Public Records
- Basement: Full, Bulkhead, Unfinished
- Exterior Features: Rain Gutters
- Foundation: Brick/Mortar, Other
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate, Renovated Since
- Zoning: Rc
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Amenities
- Community Features: Public Transportation, Shopping, Golf, House of Worship, University
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $291,700
- Tax Year: 2026
- Total Rent: $2,975
- Rental Fee Includes: Unit 1(Hot Water), Unit 2(Hot Water), Unit 3(Hot Water), Unit 4(Hot Water)
- Taxes: $4,495
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Listing information provided courtesy of Kelley & Katzer Real Estate, LLC.
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