We are pleased to offer the opportunity to acquire this four (4) unit multifamily investment, located in prime Mid-City. The property offers spacious units with floor plans that average over 1,100 square feet. Two (2) units have been extensively updated & remodeled and feature hardwood oak floors, updated copper plumbing, quartz counter-tops, stainless steel kitchen appliances, and new in-unit washer & dryers. The other two (2) units present an excellent opportunity to renovate, remodel, reposition, and achieve market rents and increase cash flow. The property has approximately 4,380 rentable square feet on a 5,820 square foot lot, with a unit mix consisting of two (2) 2-bedroom + 1-bathroom units, and two (2) 1-bedroom + 1-bathroom units (The 1-bedroom units can easily be converted into 2-bedroom units because of the size and layouts). The current monthly gross income is $6,494, with approximately 35% upside in current rents.The investment includes a large detached private garage - An excellent value-add opportunity with ADU potential to further increase cash flow.
