180 E BAIRD Ave
Property Description
Great investment opportunity! This well-cared-for property offers an excellent opportunity for an investor looking to build or expand a rental portfolio. Even better, this property is part of a larger offering that includes three duplexes and a fourplex. That's 10 total units that can be purchased together. For an owner-occupant, this can be a great way to become a property owner while having other tenants help offset the mortgage payment. Rents are Low, because they are occupied by long-term stable tenants! Great condition. Metal roof, newer kitchens and windows. Each unit is currently rented for $1,000 per month. Market rent is $1,450 per month per unit, giving a Gross Rent Multiplier of 134 and a CAP Rate of 9. Whether you're looking for a single investment property or interested in acquiring the entire 10-unit portfolio, this is an opportunity worth exploring. See MLS #2188578 for 791 E Whitemaple Way, #2188570 for 3751 S Redmaple Rd, and #2188573 for 1324 E 4170 S. Call Agent for Showing Appointments. Do not disturb tenants! Square footage figures are provided as a courtesy estimate only and were obtained from attached sketch. Buyer is advised to obtain an independent measurement.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $775,000 |
| No. of Units: | 4 |
| Year Built: | 1962 |
| Lot Size: | 2,400.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $193,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 4 |
ID: 3yd-WFRMLSUT-2188566
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