Stabilized 4-unit (3/1) multifamily opportunity with all units currently leased and immediate in-place rental income. One lease expires in July, offering flexibility for renewal, potential rent adjustment subject to lease terms and applicable regulations, or possible owner occupancy while continuing to collect income from the remaining three units. The other three leases may offer additional rent adjustment opportunities in January, subject to lease terms and applicable regulations. The property has been well maintained, with major deferred maintenance addressed, including a brand new roof!! Property features include durable slump block construction, attractive flooring, multiple parking spaces for each unit, an on-site storage. Buyer to verify all facts and figures.
Listing courtesy of Heather N Leask from New Concept.
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