**OPPORTUNITY** This MASSIVE 6 unit Virginia Park multi-family property is looking for a new owner to bring it back to its former glory! The property currently features 6 2-bedroom units and has space to add 2 additional 1 bedroom units in the walk-up attic space. The property does require a… Read More full rehab but could be an absolute cash-cow once completed, as the units should rent for at least $1,200/month each, meaning you could generate over 110K in rental income per year! Located less than a block away from the Herman Kiefer project and 2 blocks from the Lodge freeway, this is an absolutely prime location! 5+ unit properties are extremely rare in the greater New Center area so take advantage of this incredible opportunity while you can! CASH OR HARD MONEY ONLY, NO SELLER FINANCING. Read Less
Courtesy of RE/MAX Leading Edge.
Listing Snapshot
Days Online
76
Last Updated
Property Type
Multi-Family
Square Ft.
3,220
Lot Size
0.16 Acres
MLS Number
60964942
30 Days Snapshot Of 48206
$1k
-28%
(avg) sold price
2
-50%
homes sold
48
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Building
3,220 square feet, 6 total units, Built in 1916, Historic
Expenses
Total expenses: $34,560
Exterior Features
Brick, Porch
Foundation
Basement
Water Features
Public Water, Public Water at Street
Heating
Natural Gas, Forced Air
Income
Net operating income: $80,640
Lot
Lot size: 54.00 x 127.00, 0.16 acres
Property
Multi-Family
Sewer
Public At Street
Taxes
Total amount: $51
Unit Five
Bedroom 2 width: 54
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