Great investment opportunity for either the seasoned investor or someone looking to learn the ropes and get started. Will go with conventional financing! 4 plex with vinyl siding, 4 separately fenced yards, recent flooring and paint updates in several units, good off-street parking. All four units are 2 level. All bedrooms on 2nd levels. Solid rental history with virtually no vacancy in the past 4 years. Three units have had long term mo-to-mo tenants so those lease rates are below market. Lease started in Feb is at market rate. Opportunity to increase this cap rate. Landlord pays water, sewer, trash and tenants pay gas & electric. DO NOT GO ON PROPERTY WITHOUT APPOINTMENT.
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