Investment opportunity on 82nd Street! This well-maintained fourplex has a great setup with two 2-bedroom/1.5-bath units and two 2-bedroom/1-bath units. Each unit has its own private entrance and attached one-car garage, which is hard to find and always a big plus for tenants. The seller has put some serious money… Read More into the property, updating three of the four units within just the last 18 months and spending more than $75,000 on both interior improvements and larger capital items. The units have updated finishes, durable tile flooring, newer appliances, and are ready to go. Three units are currently occupied and producing income, while the fourth was intentionally left vacant for the sale. That gives the next owner some flexibility—move into it and let the other three units help cover the mortgage, or choose your own tenant and get it rented right away. There’s also some nice upside here. Market rents in the area are closer to $1,250+ per month, giving an investor room to increase income over time. The location is another big win. You’re just minutes from the airport and downtown, with Rocky Point Park and Weatherby Lake nearby for outdoor recreation. The property is also in the highly desirable Park Hill School District, which helps keep tenant demand strong. Whether you’re looking for a solid fourplex investment with upside or want to owner-occupy one unit while collecting rent from the other three, this one makes a lot of sense. Well maintained, heavily improved, great garages, strong rental demand, and room to grow the income. Stop dreaming about investing and do it! We're here to help you every step of the way! Read Less
Listing Snapshot
Days Online
10
Property Type
Quadruplex
Lot Size
0.21 Acres
Year Built
1986
MLS Number
2635391
Additional Details
Building
Construction Materials: Board & Batten Siding, Brick/Mortar, Wood Siding, Year Built: 1986
Cooling
Details: Electric
Heating
Heating: Natural Gas
Home Owner's Association
Fee: 0, Dues Frequency: None
Laundry
Description: Inside
Lot
Size: 9104
Parking
Parking Total: 4
Property
Zoning: RES
Roof
Description: Composition
Sewer
Sewer: Public Sewer
Utilities
Water Source: Public, Utilities: Ind Heat And Air, Separate Meters
Listing courtesy of Lutz Sales + Investments 913-426-5576
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