About this Property

Get 5.5% fixed rate, 30-year financing with seller's preferred lender! Appraisal completed in fall of 2024 came in at $585,000. Own a fully occupied, cash flowing 4-plex built in 1996 in great condition. Current lease rates are about 10% under market. One lease is currently month-to-month and the other leases end November 30, 2025, February 28, 2026 and April 30, 2026. This allows rents to be fully to market rate in less than a year. Existing property management is available for 2-years at a 6% monthly management fee. See attached proformas for both current rents and market rents. Second 4-plex next door is available. See listing for 205 Joyce Street, listing 20939954.