Property Description

Investment Opportunity: Well-Maintained 2004 Quadplex - Strong Cash Flow Potential Attractive 4-unit investment property offered at $450,000. Built in 2004, this quadplex features four identical 2-bedroom / 2-bathroom units, each approximately 1,088 SF. All units include dishwasher, stove/range, refrigerator, and washer/dryer hookups. Two-story layout places living areas and half bathroom downstairs with bedrooms upstairs for efficient living. Current Performance & Upside: Two units occupied by long-term tenants at $1,100/month each Two units currently vacant and actively being marketed at the same $1,100/month rate. Full occupancy potential: $52,800 annual gross rent. Low Operating Expenses. Tenants pay all utilities on separate meters, keeping landlord operating costs minimal. Each unit has its own HVAC system and hot water heater (one water heater in Unit D replaced last year). Owner maintains HVAC and water heaters and handles all tenant work orders. Roof is original but reported in good condition; new gutters installed. Landscaping is maintained by the owner (no pass-through cost to tenants). Additional Features: Shared backyard recently enclosed with privacy fencing. Each unit enjoys its own semi-private rear porch area. Front parking pad with space for up to 8 vehicles. This is a clean, low-maintenance asset with immediate income from the two occupied units and clear upside from leasing the remaining two at market rents. Ideal for investors seeking a turnkey or near-turnkey small multifamily property with separate systems and tenant-paid utilities. Contact for rent roll, photos, and showing details.