735 Elberon Avenue
Property Description
Exceptional opportunity to acquire a solid brick four-unit, ideal for an investor or owner-occupant looking to have tenants help cover the majority of the mortgage. Current rents are $2225/month with a vacant unit, clear upside to increase rents further as the vacant unit is leased. Owner pays water, heat, and common area electric. Major capital improvements have already been completed, including a brand-new roof, new furnace, and light renovations to units with newer appliances throughout, reducing near-term maintenance and capital expenditure concerns. The property's durable brick construction and recent updates make it a low-maintenance investment ideal for both seasoned and first-time multifamily investors.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $249,900 |
| No. of Units: | 4 |
| Year Built: | 1939 |
| Lot Size: | 1,960.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $62,475 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-CINCYMLS-1893320
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout