Not your average rental property! This is a two-building property on a single lot, featuring a converted three-unit house in the front and a quadplex in the back. And that’s not all – this property is at an in-place impressive 9% cap rate, with additional income upside! Plus, on-site parking is available for your tenants’ convenience. The property features four 2-bedroom units, two 1-bedroom units, and one studio – each tenant is responsible for their own electric bill, while the landlord pays the water bill. This property qualifies for MOBUCK$ financing, lock in a commercial loan at an unbeatable ~5.5% interest rate! With such fantastic terms, you’ll have even more cash flow to reinvest in this property or your other ventures.
Listing courtesy of Lee Ripma of Lutz Sales + Investments.
The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation, or all of the properties listed with other brokers participating in the Heartland MLS IDX program. Detailed information about the properties displayed on this website includes the name of the listing company.