Courtesy of: Samuel Rudolph, COLDWELL BANKER REALTY, samuel.rudolph@cbrealty.com
Courtesy of: Samuel Rudolph, COLDWELL BANKER REALTY, samuel.rudolph@cbrealty.com
$505,000
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6 bed
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2,400 square feet
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4.00 Bath (4 Full)
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Lot: 0.40 Acres
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Quadruplex
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$505,000
1125 OLIVE Street 8.3% CAP RATE IN PLACE, 9.3% ON PRO FORMA: FOUR UPDATED UNITS. This turnkey fourplex delivers day one cash flow with rent upside already built into the numbers. Two separate duplexes sit on a combined 0.40-acre lot (including 3 parcels). Building one is a 1947 duplex with 1, 120 sq ft, and building two is a 1954 duplex with 1, 280 sq ft. All four units have been updated, so the heavy lifting is done. Current operations produce an 8.3% cap rate, and bringing rents to market per the pro forma pushes returns to a 9.3% cap rate. Add value through rent increases and efficient management, not capital projects. Four doors, two buildings, one lot, and a clear path to higher NOI. Request the rent roll and financials today.
Courtesy of: Samuel Rudolph, COLDWELL BANKER REALTY, samuel.rudolph@cbrealty.com
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