Courtesy of: Rodger P Morelli, RPM LUXE REALTY, info@rpmluxe.com
Courtesy of: Rodger P Morelli, RPM LUXE REALTY, info@rpmluxe.com
$1,495,000
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7 bed
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5,247 square feet
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4.00 Bath (4 Full)
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Lot: 0.32 Acres
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Quadruplex
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$1,495,000
620 SW 7TH Street 1-7 EXCEPTIONAL 7-UNIT MULTIFAMILY INVESTMENT PROPERTY! NEW ROOF, NEW IMPACT WINDOWS & RECENTLY COMPLETED 40-YEAR STRUCTURAL AND ELECTRICAL RECERTIFICATION! This well-maintained, 100% occupied property features long-term tenants and a desirable unit mix of three 2BR/1BA units, three 1BR/1BA units, and one spacious studio. Current annual gross income of $127, 680 with significant room to increase rents. Annual operating expenses include property taxes of $22, 858, water/sewer/trash $7, 200, insurance $5, 000, landscaping $720, and exterior electricity $600. Easy rent collection, and the seller easily self-manages the property. The seller has done all the hard work for the next buyer. With major capital improvements complete, this is a stabilized, income-producing asset with excellent upside.
Courtesy of: Rodger P Morelli, RPM LUXE REALTY, info@rpmluxe.com
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