LP.com

Great cash flow property with huge upside too. Many upgrades over the years including, Newer roof on the front building, Copper water pipes, Vinyl windows, new external stairs to top unit in the back building. 6% Cap Rate on current rents with a rent increase due Feb. 1st 2024. Cap rate of 11.5% on market rents. Located in a strong rental area in South Central Area with a great unit mix of five 2 Bdrm and 1 Bath units. Property is separate metered for Gas and Electric and consists of two buildings, a 4-plex up front and duplex along with a 4 car garage in the back. Front 4 units have been converted to 3 bedrooms but third bedroom can easily be used as a living room as well, Buyer to verify permits for all changes and improvements.