Property Description

What makes this property stand out is its location within an established Northeast Heights single-family neighborhood. Rather than being surrounded by large apartment complexes, the property is nestled among single family homes and positioned catty-corner from a beautiful neighborhood park. This creates a quieter, more residential atmosphere that can support stronger tenant retention and long-term demand.At the ask price of $615,833 and an average rent of $1,118 the metrics of investment performance are a GRM 11.48, 6.15% cap rate, IRR before tax 14.0%.Why this asset deserves attention:-Rare fourplex in a neighborhood setting -Adjacent park enhances resident appeal -Larger unit sizes than many competing rentals -Includes 5 storage units and coin-op laundry

Property Features