* Amounts are estimates only. Final payment amounts may vary.
Description
The investment opportunity for this fully rented 4-Plex in the South West community of Southwood is great. With 4 units all with 3 Bedrooms and 1290 sq.ft of living space each, these rental units are a solid addition to your portfolio. This property is generating rental income of $6,900 / Month ($82,800 / Year) with a Cap Rate of 5.50% (Based on the asking price and the 2025 Property Taxes). Some of the tenants have been in this property for years and all of the leases are recently renewed for another 1 year fixed term tenancy. The property also comes with 4 dedicated parking stalls in the alley, one for each unit.
Property details
Basic Info
MLS® #
A2261330
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
Southwood
Price
$1,300,000
Sale/Lease:
For Sale
Size:
2,583 sq.ft.
Year Built:
1973 (52 years old)
Building Info
Structure Type:
Four Plex
Garage:
No
Parking:
Off Street, See Remarks
Fence:
Basement:
No
Inclusions:
4 Refrigerators, 4 Stoves, 4 Hoodfans
Appliances:
See Remarks
Lot / Land Info
Lot Size:
0.22 acres
Lot Features:
Back Lane, Back Yard, Corner Lot, Front Yard, Lawn, Near Public Transit, Near Shopping Center
