$285,000

About This Property

Quadraplex 100% leased, two- two bedroom-one bath units and two- one bedroom-one bath units. Tenants pay for water and electricity. Owner pays for trash at $56.00 per month. Income and expenses are as follows: Income is $2,450 per month or $31,850 per year. Expenses are tax $1,528 plus insurance at $1721 plus $696 for garbage for a total of $3,945 per year or $328.75 per month. Income minus expenses equals $27,905. The property is very consistent with long term tenants. Lease beginning and end dates are as follows: UNIT 34 08/01/21-07/31/22. UNIT 36 - 03/01/21-02/28/22. UNIT 38 -12/01/20-11/30/21. UNIT 40-10/16/20-10/31/21. This was of July 2021, some may have re-signed already. Showing with approved contract and proof of funds or pre-approval. This property is managed by a professional management company that may be retained if needed. This property has a CAP rate of 8%.

infoProperty Details

Property Type

Quadruplex

Year Built

1981

Living Area

2,695 sqft

Lot Size

0.23 acres

Bathrooms

0

Ownership

Fee Simple

Days on Market

24

List Date

Sep 14, 2021

Sold Date

chairInterior Features

yardExterior & Lot

Listed By

DALTON WADE INC

888-668-8283

mailContact Alexander