Solid 6-unit brick multi-family building located on a tree lined cul-de-sac. This property has strong bones, a newer roof, and new porch. Three of the units were recently rehabbed. 4 out of the 6 units are occupied and up to date on rent, while the remaining two units are currently listed for rent. This property also includes an additional lot with a separate PIN number used for tenant parking, but offers future expansion potential. With a potential NOI of $65,748 once the vacant units are occupied, this multi-family residence is an excellent long-term investment opportunity. Featuring a cap rate of 10.3, it promises passive income for the savvy investor. Don’t miss out. Bring your offers today. This gem won’t last long!
Property Details
Price:
$525,000
MLS #:
MRD12458888
Status:
Active Under Contract
Beds:
5
Baths:
2
Type:
Commercial
Neighborhood:
chigreatergrandcrossing
Listed Date:
Aug 29, 2025
Year Built:
1898
Schools
Interior
Exterior
Construction Materials
Brick
Roof
Tar/Gravel
Financial
Tax Year
2023
Taxes
$5,031
Listing Agent & Office
Lauren Wright
Coldwell Banker Realty
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