Property Description

Cash-Flow Opportunity Stabilize & Collect Massive 4,700 sq ft quadplex with additional flex space + half bath and a bonus extra lot included ? all offered at $175,000. Unit mix: ¢ 2 Three-bedroom / 1 bath units ¢ 2 Two-bedroom / 1 bath units ¢ Lower-level flex space with half bath (additional income potential) After approximately $100K in cosmetic improvements and cleanup, this property has projected gross rents of nearly $70,000 annually at current Section 8 payment standards (3BR Ë? $1,638/mo; 2BR Ë? $1,276/mo). Pro forma NOI projects around $50K annually once stabilized, representing an approximate 18% cap rate based on total investment. Mechanicals are solid. Structure is strong. Value-add investors ? this is the type of asset that builds long-term portfolio strength. Extra lot provides additional flexibility and future opportunity. SOLD AS-IS. Bring your contractor and your numbers. Opportunities with this scale and return profile at this price point move fast. NO SELLER FINANCING

Property Features

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