Rare opportunity to acquire a fully brick multifamily property featuring a four-unit building plus a separate single-family unit in the rear with its own private parking and alley entrance.
The property is currently generating approximately $3,445/month, with one unit vacant and recently renovated. With market rents increasing and the remaining units positioned for rent growth, the property has potential to reach approximately $5,800/month in gross rental income.
PROPERTY BREAKDOWN
Main Building — Four Units
Two upper units: 2 Bed / 1 Bath
Two lower units: 1 Bed / 1 Bath
Brick construction
Basement
One lower unit currently vacant and renovated
Rear Unit
Separate single-family unit
Private entrance through rear alley
Dedicated parking
Currently rented
CURRENT RENT ROLL
Upper Unit: $890/month
Upper Unit: $890/month
Lower Unit: $775/month
Lower Unit: Vacant — Renovated
Rear Unit: $900/month
Current Gross Rent: ~$3,445/month
Projected Potential Rent: ~$5,800/month
Asking Price: $345,000
ARV: ~$550,000
WHY IT WORKS
This is a strong buy-and-hold multifamily opportunity with immediate rental income and significant upside through lease-up and rent increases.
The combination of a four-unit brick building plus a separate rear dwelling provides multiple income streams and diversification across the property.
The property is reportedly a HUD building, making it particularly interesting for investors familiar with HUD-related rental programs and requirements.
For fastest response: Cherrie – Dispo Manager Call/Text: (404) 620-2544
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