Remarks

This 5-unit Class C property offers a solid investment in a stable rental market with high tenant retention. Situated on a 0.11-acre lot, the building spans 3,636 square feet and is zoned HU-RD2 (Historic Urban Two-Family Residential District). The units are all fully occupied, including one Section 8 tenant, with four of five tenants in residence for over three years-a testament to tenant stability. Property Highlights: *Unit Breakdown: 1 studio, 2 two-bed/one-bath units, 2 threebed/ one-bath units *Combination of both Off-Street and Street Parking: Convenient for tenants *Amenities: Washer/dryer in each unit, HVAC with window units *Utilities: Public water and trash paid by owner, public gas & electric paid by tenants *Upcoming Rent Potential: Four of the five units will be eligible for a rent increase in April 2025 This property sits in Ward 2, offering access to a residential base of 375,000 within a five-mile radius. An ideal option for investors seeking steady income with room for potential rent growth.

Details

MLS#: 12217797
Price: $399,000

Sq Ft: 3636
Year Built: 1900

Lot Size: 51 X 100
Tax Fee: 3350