Income Property -- Outstanding Investment Opportunity

Built in 2013, this well-maintained fourplex features four spacious and bright 3-bedroom units, offering an excellent combination of stability, strong cash flow potential, and long-term appreciation.

Property Highlights

* Built in 2013
* Four 3-bedroom apartments
* Potential gross annual rental income of **$69,600**
* Unit 3 is currently vacant, providing an excellent opportunity for an owner-occupant or to increase rental income at current market rates
* 9 parking spaces
* 4 exterior storage units
* Asphalt parking lot (2022)

Investment Metrics

* Gross Rent Multiplier (GRM): 16.88
* Capitalization Rate (Cap Rate): 5.92%
* Positive cash flow with 20% down payment and 30-year amortization*
* Estimated ROI of approximately 20%*

Recent Improvements

* Bathrooms renovated in Units 1, 2 and 4 (2026)
* Heat pumps replaced in Units 2 and 3 (approx. 2023)
* Parking lot paved (2022)

This property is an excellent opportunity for investors seeking a well-maintained asset with strong financial fundamentals. Recent upgrades help minimize near-term capital expenditures, while the vacant unit offers immediate flexibility to maximize returns or accommodate an owner-occupant.

*Cash flow and ROI figures are estimates only and are based on financing assumptions. Buyers are encouraged to perform their own due diligence and financial analysis.