The investment opportunity for this fully rented 4-Plex in the South West community of Southwood is great. With 4 units all with 3 Bedrooms and 1290 sq.ft of living space each, these rental units are a solid addition to your portfolio. This property is generating rental income of $6,900 / Month ($82,800 / Year) with a Cap Rate of 5.50% (Based on the asking price and the 2025 Property Taxes). Some of the tenants have been in this property for years and all of the leases are recently renewed for another 1 year fixed term tenancy. The property also comes with 4 dedicated parking stalls in the alley, one for each unit. (id:55577)
Property Features
- MLS® Number A2261330
- Price $1,300,000
- Square Footage: 2583 sqft
- Property Type: Multi-Family
- Community Name: Southwood
- Features Back Lane
- Parking Space Total 4
- Plan 1454lk
Buildings
| Appliances | See Remarks | Constructed Date | 1973 |
| Construction Material | Wood Frame | Heating Type | Forced Air |
| Size Interior | 2583 Sqft | Total Finished Area | 2582.59 Sqft |
| Type | Multi-family |
Parking
| Other | |
| See Remarks |
Land
| Acreage | No | Landscape Features | Lawn |
| Size Irregular | 876.00 | Size Total | 876 M2|7,251 - 10,889 Sqft |
| Size Total Text | 876 M2|7,251 - 10,889 Sqft | Zoning Description | M-c1 |
Agents and Offices
- Austin Cowley
- Office: Town Residential