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An excellent opportunity for an investor seeking immediate rental income with value-add potential. Currently generating $4,700/month ($56,400 annually) in rental income, with an approximately 8%+ projected cap rate based on current income and operating expenses. Tenants pay all utilities except water/sewer. All tenants are month-to-month, providing a new owner flexibility with the existing tenancies. Four off-street parking spaces. Both units have their own washer and dryer. The property is currently occupied, livable, and income-generating, but it does need updating. The interior has received fresh paint in several areas, while the exterior would benefit from updated vinyl siding/wrapping. This creates a great value-add opportunity for an investor to improve the property over time and further increase rents. The property has consistently generated extremely strong rental demand and would be perfect for an owner-occupant. Sold as-is, but currently generating high income and always occupied.

MLS Listing ID: 73536785
Listing Price: $549,900
Listing Status: Active [?]
Property Type: Multi Family
Bedrooms: 4
Full Baths: 2
Living Space: 1368 sf.
Lot Size: 0.28 acres (12018 sf.)
Parking: Yes
Taxes: $5,003.00
Tax Year: 2026

Listing Current as of November 01, 2026 4:00pm

This listing brought to you by Forrest Homes Group of The Aland Realty Group LLC.

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