Four-plex investment opportunity located in a great area near Parkway Elementary school & Bartlette park! This property is comprised of a studio on the upper level, the middle level boasts two, one bed, one bath units, and the lower level is a two bed, one bath apartment. All units are metered separately! One unit is currently under rented at $450 a month. After repair rental potential from all units is $2500/month!
Rehab: This is a value add opportunity. The upper & middle floor units need mostly cosmetic repairs/updates; while the lower level needs more extensive repairs. The exterior has some deferred maintenance and is in need of fresh paint!
ASKING: $65,000
REHAB EST: $70,000
ARV: $185,000
RENT: $2,500