Properties

Remarks

Remarks & Directions Proven income-producing fourplex with strong occupancy and clear value-add potential. All units are 3 bedroom and currently rent at $950/month, providing immediate cash flow with upside for future rent increases. Owner covers water, trash, lawn care, and snow removal; tenants pay remaining utilities. Recent improvements include new flooring and paint, with one fully renovated unit featuring a new kitchen and appliances—demonstrating the ability to continue updating units and drive rents. 2025 financials reflect a one-time spike in expenses due to restoration and capital improvements, significantly impacting reported NOI. Prior years show substantially stronger performance, and with stabilized expenses, the property supports a much stronger pro forma return. All units are leased through April 2027, providing secure, predictable income and minimizing near-term vacancy risk. Strong rental history, solid tenant base, and opportunity to increase income through continued updates make this an attractive long-term investment or portfolio addition.

Listing Office: Shirleys RealtyMLS ID: 2613703