Property Description

Income-Producing 5-Plex Investment Opportunity-Do not disturb current tenants.Excellent opportunity to own a fully leased 5-unit investment property consisting of a quadplex in the front and a separate single-family home in the rear. The front building includes three 2-bedroom units and one 3-bedroom unit, while the rear home features 3 bedrooms, a dining room, large recreation room, a full unfinished basement, central heat and air, and washer/dryer connections.Originally built in 1926, this property offers immediate cash flow with long-term tenants who would like to remain. The owner currently pays water only, helping keep operating expenses relatively low. Back house rents for $1545 monthThis is a true value-add investment with plenty of potential. The property is being sold strictly As Is, and offers an excellent opportunity for an investor to enhance value over time through improvements and rental adjustments as desired.The property was reportedly once located on two separate lots, though the seller believes they may now be be combined into one parcel. Buyers should verify all information important to them.The seller expects to complete a 1031 Like-Kind Exchange, so the sale will likely be contingent upon identifying suitable replacement property.Whether you're looking to expand your investment portfolio or purchase a multi-unit property with strong upside potential, this fully occupied 5-plex is an opportunity worth considering.

Property Features

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