We’re pleased to present two adjacent quadplex buildings, all eight units are spacious two-bedroom, one-bathroom units. The property features dedicated off-street parking. With sub-metered utilities for gas, electricity, water, and trash, landlord-paid expenses are very low. Unlock the full potential of property by cosmetically renovating units as leases come due, maximizing rental income and attracting quality tenants. Don’t miss out on this prime chance to acquire an income-generating property in a desirable location. Act now and secure your future in Oak Grove!
The Value Add Play: Renovate the units to achieve a $250/mo+ upside with basic cosmetic renovations
Why We Love It: All utilities are sub-metered, including water and trash, 1980s construction with modern spacious units, and no updating to plumbing and electrical.
Property Challenges: In-place rents are low currently but this can easily be remedied by new management and cosmetic updates as units turn over.