Overview
- Updated On:
- November 3, 2022
- 17 Bedrooms
- 11 Bathrooms
- 8,635 ft2
Description
362-364 W 4th Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location. The property, which can be acquired at a 5.5% cap rate, consists of an extensively renovated three-story building containing five units with two (2) 5 Bedroom/2-Bathroom units, two (2) duplex 3-Bedroom Units (one with 3 bathrooms and one with 2.5 bathrooms) and one (1) 1-Bedroom/1-Bathroom unit with 8,635 square feet of living area in 9,798 gross square feet on a 0.06-acre parcel. With $300,000 in Gross Income, The Property is fully leased (with all units rented until 8/31/23) and features condo quality finishes including new kitchens with modern amenities (stainless steel appliances, dishwashers, granite or quartz countertops), in-unit laundry, new, Navien heating systems(all units), central air conditioning systems in units 1 and 5 (Duplex Units) as well as Navien, tankless hot water systems. 4 garage parking spaces included in adjacent building.
