Rare Opportunity - Fully Occupied 4-Unit Investment Property Don't miss your chance to own this well-maintained four-family building in a desirable neighborhood. This turn-key investment property offers an exceptional opportunity to generate consistent passive income. Featuring four spacious, well-appointed units, this building is currently 100% occupied with long-term tenants. Each unit boasts: - 2 bedrooms and1 bathroom, 3 Bedrooms and 1 bath, 1 bedroom and 1 bath, 1 bedroom and 1 bath. - Fully equipped kitchen with stainless steel appliances - Hardwood floors and plenty of natural light - Separate entrances and utility meters for privacy The property also includes: - one-car attached garage - Well-manicured yard with mature landscaping - Recent updates to roof, windows, and common areas - Off-street parking for residents With a proven track record of stable occupancy and positive cash flow, this four-family home provides an excellent return on your investment. The current rents are below market rate, offering opportunities to increase income through strategic tenant turnover. Situated on a quiet, tree-lined street, this building is just blocks away from the area's best dining, shopping, and entertainment. Easy access to public transportation makes it a highly desirable location for renters. Don't let this turn-key investment opportunity pass you by. Schedule your private showing today and take the first step toward building your real estate portfolio.
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Our Executive Mortgage Banker:
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$1,149,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $919,999 | $919,999 | $919,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,702 | $1,702 | $1,702 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,224 | $5,740 | $7,701 |
Total Monthly Payment | $7,051 | $7,567 | $9,528 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.