Great opportunity for an investor on this 4-plex with studio units. Each unit is under 400 square feet (1 room plus a small kitchen), so the rehab and maintenance costs would be very manageable. 2 units are occupied with good tenants and 2 units are vacant and need to be rehabbed. The building could use proper heating and cooling (maybe mini-splits), some electrical updates, and general repairs. The owner bought this building with the intent to rehab and stabilize but other projects came up. Currently, the two occupied units rent for $550 and $450 with the landlord paying utilities, and there is interest in the two vacant apartments once they are rehabbed and available. This property is broker-owned and being offered as-is. Once improved, this building should cash flow very nicely. The listed gross operating income, expenses, and net income are estimates based upon stabilization. Photos shown are of the basement and vacant units (the ones that need rehab). Sold as-is
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