$78,000 gross income! 4-plex in Riverside Park has had all 4 units renovated. Cast iron drain line has been relined. Separate electric meters, owner pays water Custom impact shutters. Units 1-3 have new mini-split AC systems and unit 4, is central air. Units 1-3 share laundry room, Unit 4 has in-unit laundry. Units 1 & 2 are 1 bed/1 bath, w/hardwood floors, renovated kitchens & baths. Unit 3 & 4 are furnished. #3 is an efficiency #4, 2 bed/1 bath, is a legal vacation rental. 5 deep parking spaces. Front building built 1959, rear 1974. All appliances included. Furniture in furnished units, also included. Do not disturb tenants, drive by only. Shown with accepted offer. Owner is a Florida and California Residential Real Estate Broker Licensee.
Unit 1 rent is actually $1,549 and Unit 2 is $1,499, but they get a $25 per month discount if rent received on or before the 1st of each month. Rents in this listing show the discounted rate. Unit 4 is rented as a legal vacation rental averaging between $2,000 - $2,500 per month. If new owner wanted to rent as a long term rental, they should be able to get at least $2,000 per month.
Courtesy of Regency Realty Services
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Data last updated 8:16 AM UTC, 7/1/22
