Active

$1,389,000

Features:
  • 8 Bedrooms
  • 8 Bathrooms
  • 4940 sq ft
Overview
  • ID: MFRTB8382005
  • Bedrooms: 8
  • Bathrooms: 8
  • Size: 4940 sq ft
Property Details
Remarks
Investor Special – 2 Quadplexes | 8 Total Units | Airbnb + Rental Income Appraised in 2022 for 612k for 2208 only. At the time 2 units were remodeled, 2 were not! Please do not disturb guests! Rare opportunity to purchase two quadplex buildings (on separate side by side lots) sold together, totaling 8 one-bedroom, one-bathroom units. This renovated, high-performing portfolio is a mix of Airbnb and long-term rental income, with immediate cash flow. Property Highlights: 7 units currently run as furnished Airbnb's, generating approx. $1825/month per unit. Most of them booked out to July, August, and September. 1 unit is leased to a long-term tenant, and one Airbnb guest has been with us over a year at 1825 a month All stays are a minimum of 30 days, ensuring stable revenue. Average is 60-90 days. 7 units recently renovated, one finished just this week and being listed on Airbnb in the next week. Shown in pictures with no furniture. Septic pumped last month, and new lift station pump installed Washer and dryer is about 2 years old Roof was replaced in 2018 New fencing on both sides is scheduled for installation within 2 weeks Sale includes both properties and all Airbnb furnishings Buyer must honor existing bookings some ending in August. The current owner will be the point of contact until they're finished Being sold as-is, so please don't try to go under contract and then ask for repairs or updates These properties are turn-key, producing solid monthly income with minimal turnover. Priced firmly due to strong performance and seller’s low urgency to sell. Airbnb requires a new listing to start once the new owner takes over. So, as the reservations are over, the new owner can list on Airbnb, Furnished Finders, and Vrbo.
Financial Considerations
Price:
$1,389,000
HOA Fee:
N/A
Tax Amount:
$3824
Price per SqFt:
$281.17
Tax Legal Description:
CLEWELL HEIGHTS SECOND ADDITION LOT 9 BLOCK 1 & CLEWELL HEIGHTS SECOND ADDITION LOT 10 BLOCK 1 U-05-28-19-1FQ-000001-00010.0
Exterior Features
Lot Size:
16600
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Membrane, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
8
Heating:
Electric, Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1971
Construction Type:
Block, Brick
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    2210 IRENE ST
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