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Add this 4-plex to your rental portfolio! The home is a 2 bed / 1 bath with three 1 bed / 1 bath garage apartments. The house rents for $1,100 and the garage units are $750, $750, $725 - for a combined $3,325 gross rent. Tenants are currently on month-to-month leases. The house and garage have separate electric meters. The house tenant pays electric and owner pays electric for garage units plus all water & gas, about $575/mo. There is opportunity to bill back utility costs to the tenants to increase cash flow and bring projected IRR to over 15%. Or set it up as a short-term rental for even more revenue. Total sqft is estimated with each apartment about 400sqft. Update: two garage units became available in February and are pending make-ready for leasing.
*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
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