HIGH-INCOME INVESTMENT OPPORTUNITY IN DESIRABLE NEIGHBORHOOD - STABLE RETURNS & LONG-TERM TENANTS

About 1586 Electric Ave:

Introducing a remarkable investment opportunity in a sought-after, high-income neighborhood that promises consistent returns and minimal turnover. This property is a true gem, boasting numerous updates and long-term tenants who are eager to remain in their homes. With recent upgrades, three units have already witnessed rent increases, and there is still room for further rental growth.

Constructed with solid brick, this building has undergone extensive cosmetic enhancements, as well as major mechanical and appliance updates in all four units. From top to bottom, no expense has been spared, ensuring that this property offers both aesthetic appeal and functional durability.

Whether you are an experienced investor looking to expand your portfolio or a budding real estate enthusiast seeking a solid foundation for your investment career, this opportunity is not to be overlooked. Owning four units in one building will establish you as a marquis cornerstone in the industry.

One of the key highlights of this property is its exceptional cap rate. With excellent numbers and low maintenance requirements, this investment promises to be a lucrative addition to your financial portfolio.

Situated in a highly desirable area of the city, this property offers the perfect blend of comfort, convenience, and profitability. Tenants will relish the proximity to upscale amenities such as gourmet restaurants, boutique shops, and vibrant entertainment venues. Additionally, the neighborhood boasts excellent schools, parks, and recreational facilities, making it an attractive location for families and professionals alike.

The current tenants, who have expressed their desire to continue residing in this property, make this investment all the more enticing. This is a testament to the quality of the units and the appeal of the neighborhood. By retaining these long-term tenants, you can enjoy a stable rental income stream without the hassle of constant turnovers.

Furthermore, the previous rent increases in three units demonstrate the potential for further appreciation in rental income. With ample room to raise rents, you can maximize your returns and secure a steady cash flow for the foreseeable future.

In addition to the immediate financial benefits, this property offers the peace of mind that comes with knowing it has been meticulously maintained. The recent updates and replacements of major mechanical systems and appliances ensure that you won't have to worry about costly repairs or replacements in the near future.

Don't miss this golden opportunity to acquire a property that ticks all the boxes - excellent location, strong rental demand, long-term tenants, and potential for further rental growth. With its appealing numbers, low maintenance requirements, and prime position in a desirable neighborhood, this investment is a true winner. Act now to secure your stake in this high-income producing property and take your real estate investment journey to new heights.