$1,738,000
$42K PRICE DROP

Estimated payment $11,189/month

Total Views 8,449
8 Beds
4 Baths
3,328 Sq Ft
$522 Price per Sq Ft

About This Home

Back on the market! Fully rented 4-unit investment opportunity with upside potential. This well-maintained building is a great addition to any investors portfolio, offering consistent rental demand, long-term tenants, and room to grow your profits. Property Highlights ** Unit Configuration: Four 2-bed/1-bath unitsideal for owner-occupiers or investors ** Well-Maintained Community - Privately run HOA ensures clean, well-kept grounds; assigned carports plus extra parking; shared laundry facility; tenant-enjoyed balconies/patios ** Prime Convenience - Close to major employers, shopping, dining, schools, churches, and public transitperfect for families and high occupancy rates ** Value-Add Potential - Some units need cosmetic upgrades, presenting an opportunity to raise rents and boost profitability This property is a solid investment for seasoned investors or first-time buyers entering the multi-family market.

Listing Agent

Meg Collins

NextHome Axis Realty License #02229230 Listed on: 01/22/2025

NextHome Axis Realty

Co-Listing Agent

Melinda Collins

NextHome Axis Realty License #01178494

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 9,945 Sq Ft Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $2,072
  • Insurance Expense $1,778
  • Maintenance Expense $3,828
  • Manager Expense $4,670
  • Other Expense $1,200
  • Utility Expense $1,559
  • Trash Expense $2,046
  • Operating Expense $22,310
  • Gross Income $93,306

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: R3H
  • Subclass: Fourplex
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3328
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 3328
  • Stories: 2
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces
  • Carport Min: 2

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 1288
  • HOA Exist: Yes

Schools

  • School District: East Side Union High

Lot Info

  • Lot Acres: 0.2283
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9945.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9945.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 18.07
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1778
  • Expense Landscape: 2072
  • Expense Maintenance: 3828
  • Expense Management: 4670
  • Expenses Other: 1200
  • Expenses Total: 22310
  • Expenses Utility: 1559
  • Expense Trash: 2046
  • Income Annual Gross: 93306.00
  • Income Annual Rental: 96192
  • Income Gross Scheduled: 96192
  • Income Includes: Rents
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Gardener
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Price Changed $1,738,000 0.0% $522 / Sq Ft
08/06/2025 08/06/25 For Sale $1,738,000 -2.4% $522 / Sq Ft
08/01/2025 08/01/25 Off Market $1,780,000 -- --
01/22/2025 01/22/25 For Sale $1,780,000 -- $535 / Sq Ft
Source: MLSListings

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Source: MLSListings

MLS Number: ML81991369

MLSListings

APN: 497-27-004