High-Yield 4-unit repositioning opportunity. Heavy capital improvements include a new metal roof (2020), rebuilt exterior 3rd-floor egress (2024), and a high-efficiency propane furnace (2025). Three of the four apartments were fully renovated in 2024. Operating with strategic vacancy, the property projects highly lucrative Pro Forma Gross Income over $80,000 annually at 2026 market rates. Aged exterior siding is strictly cosmetic, needing only a powerwash to shine, allowing capital focus on forced appreciation. Lockbox for easy showings of empty units; full walkthrough upon accepted offer.
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| For Sale ~ Price Changed MultiFamily | $450,000 -5.3% | $199 | Derek Greene | |
| Listed For Sale MultiFamily | $475,000 | $211 | Derek Greene |
| Year | Annual Amount | Description |
|---|---|---|
| 2024 | $3,685 |