This 4plex was built in 1984 BY THE OWNER.
He's owned it for over 40 years.
Gross monthly rent is currently $2,325. All units are month-to-month. Owner has kept rents low since the building has had long term tenants stay.
Each unit has a garage stall.
Current rents compared to market rents:
Unit 1 (2 bed)-$600-->$750
Unit 2 (2 bed)-$450-->$750
Unit 3 (2 bed)-$625-->$750
Unit 4 (3 bed)-$650-->$900
Gross rents if rents are improved: $3,150
Opportunity to go higher if units had updated cosmetics.
Laundry income also averages about $75/ month on top of that.
Owner pays electric for common space hallway and water/sewer/garbage for the building.
Tenants pay electric for their unit.
Notice for pending special assessment for Main Ave road project of an estimated $919.41. (attached in documents)
Listing courtesy of Mason Peterson, REAL (3961 WF)