Description

This cash-flowing quadruplex is an excellent investment opportunity in the St Clair Place area! With one unit being vacant and recently renovated to be move-in ready, this could be a perfect house hack for someone who wants to live in one side and let the other three units pay their mortgage or for the savvy investor who wants to enjoy steady cashflow and a healthy cap rate. These (four) 1 bedroom/1 bathroom units bring in an annual gross income of $42,000 (using the rent potential for the updated vacant unit) and have great tenants who are current on and timely with rent. There are two main level units and two upper units; Unit D on the main level has just been updated with new carpet, new luxury vinyl plank flooring, and fresh, crisp paint on the walls and trim and is available for showings. The off-street parking in the back lot is a big plus for renters, and each unit has its own laundry connection, oven/range and refrigerator. This investment is a great chance for ease of ownership and stable cashflow with growth potential in a gentrifying area!