3644-3646 Bates Street
Property Description
Attention Investors! FULLY occupied, updated fourplex building complex with an attractive cap rate of 7% and an outstanding location! Excellent opportunity to add this income-producing fourplex in Holly Hills to your investment portfolio. Updates include a new TPO roof from 2024. All units have a laundry area/ washer & dryer located in the basement. Well maintained & upkept investment property - each unit has a functional layout! Private parking in back with additional on street parking. This multifamily property generates approximately $46,020 in annual rental income with reported annual operating expenses of approximately $10,393, producing an estimated Net Operating Income (NOI) of $35,627. Four rental units providing multiple income streams under one roof, this property presents an opportunity for investors seeking immediate rental income, portfolio growth, and long-term appreciation potential. Centrally located - urban living w/ quick highway access, close to Carondelet Park, right by shopping & all other amenities. This is an exceptional opportunity to add this cash flowing to your portfolio! Call NOW
Broker Details
EXP Realty, LLC (913) 908-8001
MLS ID: CHDEWALD State License Number: 2020037702
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $375,000 |
| No. of Units: | 4 |
| Year Built: | 1927 |
| Lot Size: | 3,552.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $93,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 4 |
ID: 3yd-MARISMO-26051182
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