Wyandotte Fourplex

1980 construction quadplex with four  2-bedroom, 1-bath units. Each unit has washer dryer hookups and a one-car garage. Water and electric are submetered with average rents of $1,006/month and upside of ~100/mo per unit with current finishes and more with cosemetic updates. A straightforward value-add play with solid bones and proven demand.

Why We Love It: Everything we love in a rental, laundry, parking, and second bedroom bonus is 1980s construction and fully submetered utilities.

The Challenge: Some cosmetic renovations at turn to bring units to market rent and a little exterior love on the siding in the coming years.

The Value-Add Play: Light cosmetics on unit turns, push rents to market, consider a furnished medium-term rental on the vacant unit during the World Cup!