Property Description

Value-add 5-unit multifamily investment opportunity located at 622 4th St South, offered at $319,000. The property currently generates $1,940/month ($23,280 annually) with two units vacant and actively marketed for $645 and $695, presenting an immediate opportunity to increase income. Once fully leased, the property is projected to produce $3,280/month ($39,360 annually) in gross rental income. At the asking price, the property operates at approximately a 7.3 cap rate on current income with the potential to reach over a 12 cap rate at stabilized occupancy. Ideal for investors seeking strong cash flow potential and upside through lease-up in a market with consistent rental demand.

Property Features