Courtesy of: Christopher Crosby, Buckingham Investments, Inc, chris.crosby@buckinghaminvestments.com
Courtesy of: Christopher Crosby, Buckingham Investments, Inc, chris.crosby@buckinghaminvestments.com
$1,475,000
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10 bed
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4.00 Bath (4 Full)
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Lot: 3,001.00 Square Feet
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Quadruplex
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$1,475,000
801 Atlantic Avenue 4-unit property, live in one unit and let the remaining 3 units pay your mortgage! Perfect for an investor looking for a renovated multifamily in a downtown location with high rental demand. The property has an attractive unit mix of (2) 2-bedroom 1-bath and (2) 3-bedroom 1-bath units. All 4 units have been meticulously renovated in 2023 including new flooring, cabinetry, Quartz countertops, light fixtures, wall heaters, water heater, sinks, appliances, blinds, and fresh paint. The property boasts a completely upgraded electrical system in 2023, including a full re-wire, new main service panel, and sub panels, as well as a 2024 Silicone white roof! Enjoy gross scheduled rents of $113, 220 per year, a 13.0 GRM, a 5% cap rate, and upside in rents. Additionally, unit 807 (3bd 1ba) and unit 803 (2bd 1ba) will be available at close of escrow, ideal for an owner-occupant or investor to select their tenant and capture market rent!
Courtesy of: Christopher Crosby, Buckingham Investments, Inc, chris.crosby@buckinghaminvestments.com
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