$735,000

About This Property

Exceptional investment opportunity! This beautifully remodeled fourplex offers a rare and highly desirable unit mix of four spacious, two-story, 3-bedroom, 1.5-bathroom units. Completely renovated from top to bottom, this property has been transformed with no shortcuts taken. Everything has been updated or replaced, delivering a truly turnkey investment with minimal anticipated maintenance and no immediate renovation work needed.Boasting an impressive 6.57% cap rate with substantial upside in rental income, this property offers investors the perfect combination of strong in-place returns and future growth potential. Current rents leave considerable room for increases, providing an opportunity to further improve cash flow and overall property value.Ideally situated in a highly desirable location, the property is just a short walk from Lobo Crossings, an exciting 38-acre mixed-use retail and dining development currently under construction. This major nearby development adds to the property's long-term investment appeal.Rare unit mix, extensive renovations, strong returns, rental upside, and an exceptional location -- this is the hassle-free multifamily investment investors have been waiting for!

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Property Details