
Courtesy of: QianKun Chen, Kale Realty, chen.qiankun@kalerealty.com
$1,080,000
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14 bed
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7.00 Bath (7 Full)
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Lot: 0.07 Acres
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Other
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$1,080,000
2904 S Wells Street Excellent investment opportunity in the desirable neighborhood! This well-maintained multi-unit property features a total of 7 residential units , offering multiple streams of rental income. The front building includes a 3 bed/1 bath unit on the first floor, a 2 bed/1 bath unit on the second floor, and a 1 bed/1 bath unit on the third floor, while the rear building consists of three 2 bed/1 bath units. Additional income is generated from the coach house unit and parking space. The property is in solid condition, with 6 units featuring central heating and cooling and 1 unit equipped with central heat and window AC. Current rents are below market and have not been increased in years, presenting a strong value-add opportunity for investors to enhance cash flow through future rent adjustments. The versatile unit mix appeals to a wide tenant base and helps minimize vacancy. Conveniently located near transportation, restaurants, and local amenities, this is an ideal asset for both seasoned investors and those seeking stable long-term income.
Courtesy of: QianKun Chen, Kale Realty, chen.qiankun@kalerealty.com
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