Description

Rare opportunity to acquire a fully occupied Avondale 4UNIT just a short 5-minute walk from the Shoppes of Avondale entertainment district! The front building consists of two huge 2-bedroom units with large kitchens featuring islands and granite countertops, in-unit washer/dryers, well-maintained hardwood floors, and a huge walk-in closet/laundry room combo in the rear. The rear building consists of one 1-bedroom unit and a studio unit that share a washer and dryer. A driveway on Dancy street provides off-street parking options. Current gross rents (including utility reimbursements) total $6,182 and will increase to $6,241 in October.This property provides an excellent opportunity for a variety of investor types. An owner occupant could utilize Fannie Mae’s 5% down program for multifamily properties and live in one unit while collecting income from the others. An investor could enhance revenue through furnished and short-term rentals.