4-Unit Multifamily

This large 8,357 SF lot is strategically positioned in an extremely low inventory submarket where only (1) other multi-family property has sold within 1 mile of the subject property in the last (3) years. The building features an excellent unit mix of (4) 2 Bed/1.5 Bath townhouse style units for a total rentable square footage of 4,402. Each tenant has access to garage parking with (6) garage spaces in total. In addition, all (4) units have their own private patio and have access to a communal laundry room that generates an additional $80/mo. Further, there is an owner’s storage unit that can also be leveraged as additional income. Priced at a current 3.77% CAP Rate with an achievable rent upside of 60% and Market CAP Rate of 7.22%, this offering provides strong Day 1 income figures with the potential for future growth.

Listing courtesy of Keaton Quaack of Lyon Stahl Investment Real Estate Inc.