Ranch/Rambler

Unlock an exceptional investment opportunity with this fully occupied, single-story, four-unit apartment building. Exceeding the coveted 1% rule in the buyer's favor, this property offers a rare combination of consistent cash flow and strong market fundamentals. The owner is motivated to sell as they look to reallocate their equity into a new project, presenting a prime window for investors to acquire this turn-key asset. Each of the four units is currently leased, providing immediate income upon closing with a total monthly rent of $3,325 and staggered lease expirations through March 2027 to ensure stability. The building is fully compliant, featuring a current city rental license and lead-free certification for all units. Operational efficiency is maximized with separate electric meters for each tenant, while the owner provides water, sewer, and trash services. Recent capital improvements include updated replacement windows and reliable electric baseboard heating. Conveniently located with easy access to major interstates and shopping centers, the property features a dedicated off-street parking lot for four vehicles, along with side and rear alley access. This asset is currently professionally managed by Gold Coast Real Estate Group, and the owner highly recommends their services should the new owner wish to continue professional management. Detailed income and expense documentation is available to confirm that the numbers truly make sense. Reach out today to schedule your viewing and secure this rare investment gem. Please note that a 24-hour notice is required for all showings. Photos courtesy of Gold Coast Real Estate Group.

Unlock an exceptional investment opportunity with this fully occupied, single-story, four-unit apartment building. Exceeding the coveted 1% rule in the buyer's favor, this property offers a rare combination of consistent cash flow and strong market fundamentals. The owner is motivated to sell as they look to reallocate their equity into a new project, presenting a prime window for investors to acquire this turn-key asset. Each of the four units is currently leased, providing immediate income upon closing with a total monthly rent of $3,325 and staggered lease expirations through March 2027 to ensure stability. The building is fully compliant, featuring a current city rental license and lead-free certification for all units. Operational efficiency is maximized with separate electric meters for each tenant, while the owner provides water, sewer, and trash services. Recent capital improvements include updated replacement windows and reliable electric baseboard heating. Conveniently located with easy access to major interstates and shopping centers, the property features a dedicated off-street parking lot for four vehicles, along with side and rear alley access. This asset is currently professionally managed by Gold Coast Real Estate Group, and the owner highly recommends their services should the new owner wish to continue professional management. Detailed income and expense documentation is available to confirm that the numbers truly make sense. Reach out today to schedule your viewing and secure this rare investment gem. Please note that a 24-hour notice is required for all showings. Photos courtesy of Gold Coast Real Estate Group.