This 4 unit investment property consists of two separate, free standing buildings & includes a great unit mix of 2: 2+1 & 2: 1+1! This property is conveniently located next to The Lenox Academy & is less than a Ã‚Â½ mile from the 105 FWY. Each unit has access to a garage and laundry facilities in the rear of the building. The building was built in 1954 & has approximately 2,924 RSF.
This is a perfect Value-Add deal for a savvy investor or owner user. The property is not subject to rent control and the rents are currently well below market. A new owner can raise the rents and lock in 30-year fixed financing to generate a substantial cash-on-cash return. This investment will not last long.