Scott Seven

This is not your average investment; it’s a two-building property on a single lot, featuring a converted three-unit house in the front and a quadplex in the back. And that’s not all – this property is at an in-place impressive in place 8.3% cap rate, with additional income upside! Plus, on-site parking is available for your tenants’ convenience. The property features four 2-bedroom units, two 1-bedroom units, and one studio – each tenant is responsible for their own electric bill, while the landlord pays the water bill.

Why We Love It: Cash cow of a property that is 100% occupied. The seller just painted the rear building exterior. All CapEx is completed, sit back, and cash checks.

Challenges: C-class properties have C-class tenants, but that is incredible for cash flow, so hard to call it a challenge!