Instant Equity! Appraised for $400,000 in March 2025! Currently rented for $3825 with 1 2 bed vacant for showings with rent being $4,600+ a month at full occupancy, Market Rents of $5,000 a month, $60,000 annual gross revenue. This well-maintained 6-unit multi-family was fully renovated top to bottom with New kitchens, bathrooms, flooring, lighting, windows, & roof in 2022. The units are extremely spacious with nearly 900 sq ft per unit, encouraging long term residents. This is a great investment for someone looking for a turnkey building that will have strong cashflow, long term tenants due to renovation & large units, & limited near term CapEx since everything in the building is new within the last couple of years. Situated in a convenient location with easy access to public transit and local amenities, this property is primed for a "set and forget" portfolio addition or a value-add play for higher market rents. Don’t miss out on this high-performing asset—schedule your tour today! Unit #6 has been left vacant for showings & remainder can be viewed once under contract. 3 of 5 units are on MTM leases
Courtesy of Christopher John and Red 1 Realty
Selling Office: Red 1 Realty.
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