Active

$749,999

Features:
  • 8 Bedrooms
  • 4 Bathrooms
  • 1512 sq ft
Overview
  • ID: MFRT3542963
  • Bedrooms: 8
  • Bathrooms: 4
  • Size: 1512 sq ft
Property Details
Remarks
Income-Producing Quadplex – Prime Opportunity for Real Estate Investors Unlock the potential of this cash-flowing quadplex – a fantastic investment opportunity in a desirable location! This property consists of two buildings, each containing two rental units, and is fully occupied with tenants on month-to-month lease agreements, providing both steady income and flexibility. Property Highlights Units: 4 units total across 2 buildings. Current Rents: Two units at $1,685/month. One unit at $1,250/month. One unit at $1,000/month. Utilities: 4 separate electric meters for tenant responsibility. 2 separate water meters to maximize cost efficiency. Investment Benefits Turnkey Income: Fully occupied with tenants who pay on time, ensuring immediate cash flow. Strong Returns: Property is structured to cash flow with a new loan. Flexibility: Month-to-month leases offer the ability to adjust rents or implement new strategies. Diverse Revenue Streams: Two buildings provide options for varied uses or further customization. Additional Details Low Maintenance: Dependable property with solid rental history. Scalable Opportunity: Perfect for first-time or seasoned investors looking to grow their portfolio. Prime Location: Situated in a desirable area with rental demand and amenities nearby. This is a rare chance to acquire a cash-flowing investment property with excellent potential for increased profitability. Whether you’re seeking a reliable income stream or planning for long-term appreciation, this quadplex is ready to deliver. Contact us today to schedule a showing or to request additional information on this investment opportunity!
Financial Considerations
Price:
$749,999
HOA Fee:
N/A
Tax Amount:
$6611
Price per SqFt:
$496.03
Tax Legal Description:
GRANT PARK LOTS 10 AND 11 BLOCK 28
Exterior Features
Lot Size:
10700
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
4
Heating:
Electric
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1985
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Fence
Additional Features 2:
N/A
Map
  • Address
    3406-3406 N 54TH ST #4
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