Opportunity is knocking! This large 3-unit multifamily property is fully occupied and ready for its next investor. Located in a highly desirable rental area known for its walkability and easy access to major routes, this property offers substantial rental income and long-term potential. The first-floor unit features approximately 1, 548 SF with 4 bedrooms and 1 bath, occupied by a long-term tenant on a month-to-month tenancy paying $2, 350/month, excluding utilities. The second-floor unit, recently renovated, also spans 1, 548 SF and offers 3 bedrooms and 1 bath. It is leased through September 2026 at $2, 200/month, excluding utilities. The third-floor unit includes 1, 004 SF of living space with 3 bedrooms and 1 bath, occupied by a month-to-month tenant paying $2, 150/month, excluding utilities. Current owners have completed numerous updates throughout the building. The first and third floors, while well-maintained, offer potential for cosmetic improvements upon tenant turnover. With a 7.5% cap rate, this property presents an exceptional investment opportunity in a high-demand location surrounded by like-kind multifamily properties. Ample parking is available for tenants. Showings are by appointment only with a 48-hour notice required, as all units are currently occupied.
