Lane Avenue Fourplex

1980s fourplex, 100% two-bedroom, one-bath units with in-unit laundry. Sub-metered for gas and electric (water master-metered) and includes on-site surface parking. Attractive price per door for this construction era, supported by current market rents of $1,000 per month with existing finishes and clear upside through higher-end upgrades. A clean, income-producing multifamily investment with strong tenant appeal and growth potential.

Why we love it: 1980s construction with in-unit laundry and on-site parking are huge perks for tenants.

The Challenge: Some capital repairs will likely be required, notably many of the HVAC systems are older and the concrete parking lot aprons need to be repoured with 6 inch concrete (5.5k per apron), but it is a straightforward value-add opportunity at a great price per door for rents and vintage.

The Value-add Play: Increase rents to market values as units turn and consider a few premium finishes to increase rents. Upon exit, sell to a house hacker with a vacant unit with a luxury finish.