Active

$475,000

Features:
  • 16 Bedrooms
  • 16 Bathrooms
  • 2100 sq ft
Overview
  • ID: MFRO6362268
  • Bedrooms: 16
  • Bathrooms: 16
  • Size: 2100 sq ft
Property Details
Remarks
Discover an exceptional investment opportunity with this fully leased quadruplex, offering four clean and inviting 1-bedroom, 1-bath units. Each residence has been refreshed with light updates, giving the interiors a bright, tidy feel that tenants love— and investors appreciate. This property delivers immediate stability and long-term value with a strong annual net income of $50,400. Every unit is already rented, making this a true turnkey, income-producing asset from day one. The building sits on a well-maintained lot with solid construction and practical updates that help reduce ongoing maintenance and support consistent occupancy. Whether you're growing your portfolio or searching for your next reliable cash-flow generator, this asset checks the important boxes: condition, stability, and performance. Opportunities like this are rare — a refreshed quadruplex with proven income and zero vacancy. The work is done; the returns are already in motion.
Financial Considerations
Price:
$475,000
HOA Fee:
N/A
Tax Amount:
$4345.96
Price per SqFt:
$226.19
Tax Legal Description:
SEC 15 TWP 15 RGE 22 PLAT BOOK C PAGE 034 FRENCH ESTATES BLK B LOTS 22.23.24.25.26
Exterior Features
Lot Size:
15682
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
16
Bathrooms:
16
Heating:
None
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:
1979
Construction Type:
Block, Stucco
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
    506 NE 28TH AVE
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