Everton Fourplexes

Side-by-side fourplexes in the Park Hill School District north of the River. 80s construction and submetered utilities, and in-unit laundry. Each unit has it’s own outdoor space and is very large for a 1-bedroom. Units have been made-ready and kept up.

Why We Love It: 80s construction, in-unit washer-dryer in all units, and great financing with two 30-year fixed residential loans. Two garages on site can be leased up to any of the four units since they are not attached to either one. Brand new staircases and landings in a great location.

The Challenge: All units are 1 bedrooms, there is garage parking for 2/4 units but not a garage spot for each tenant. The exteriors could use a little TLC to the siding in the coming years.

The Value-Add Play: Get units up to market rents and manage for operational efficiency. Rents can be pushed with a higher-end finish.