WHAT A GREAT OPPORTUNITY TO OWN AN INCOME-PRODUCING FOURPLEX! THIS PROPERTY FEATURES TWO 1-BEDROOM UNITS AND TWO 3-BEDROOM UNITS. ALL UNITS ARE CURRENTLY RENTED, WITH THE DOWNSTAIRS 3-BEDROOM UNIT CURRENTLY MONTH-TO-MONTH AND PLANNING TO VACATE PRIOR TO CLOSE OF ESCROW—CREATING A UNIQUE OPPORTUNITY FOR AN OWNER-OCCUPANT TO OBTAIN FHA OR VA FINANCING. FOR INVESTORS, THIS VACANCY ALSO ALLOWS FOR A VALUE-ADD OPPORTUNITY. AMENITIES INCLUDE A FENCED YARD, BALCONIES, APPLIANCES IN ALL UNITS, A SHARED LAUNDRY ROOM, AND PRIVATE STORAGE UNITS FOR EACH HOME. THE DOWNSTAIRS 3-BEDROOM UNIT HAS BEEN RECENTLY PAINTED AND FEATURES A NEW WATER HEATER AND NEW STOVE. RECENTLY REDUCED AND PRICED VERY COMPETITIVELY ON A PRICE-PER-SQUARE-FOOT BASIS. IN-PLACE CAP RATE IS 6.7%.
Courtesy of Stacy L. Brazill with Brazill Team Real Estate. Selling Office: Simply Vegas.
