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Property
Beds
6
Full Baths
None
1/2 Baths
None
Year Built
1947
Sq.Footage
2,400
8.3% CAP RATE IN PLACE, 9.3% ON PRO FORMA: FOUR UPDATED UNITS. This turnkey fourplex delivers day one cash flow with rent upside already built into the numbers. Two separate duplexes sit on a combined 0.40-acre lot (including 3 parcels). Building one is a 1947 duplex with 1,120 sq ft, and building two is a 1954 duplex with 1,280 sq ft. All four units have been updated, so the heavy lifting is done. Current operations produce an 8.3% cap rate, and bringing rents to market per the pro forma pushes returns to a 9.3% cap rate. Add value through rent increases and efficient management, not capital projects. Four doors, two buildings, one lot, and a clear path to higher NOI. Request the rent roll and financials today.
Features & Amenities
Interior
-
Total Bedrooms
6
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Ductless
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Other Exterior Features
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.4
-
Lot Size(square feet)
17,362
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$505,000
-
Tax Amount
$4,640.54
-
Financing Options
Cash, Conventional
-
Sq. Footage
2,400
-
Price/SqFt
$210
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
15
-
Water Source
Public
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Location
County
Polk
Elementary School
Middle School
High School
Listing Courtesy of Samuel Rudolph, COLDWELL BANKER REALTY
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Executive Assistant
Emil Garinga
Call Emil today to schedule a private showing.
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