4 bedroom house for sale

Overview

Quadplex with additional value-add potential located within 2 miles of the growing Bishop Arts District. Situated in Winnetka Heights, the property features all 1 bed, 1 bath units with wood floors. Three out of 4 units are updated with granite countertops, kitchen backsplash, two-tone paint, and more. Roof replaced in 2021. Unit A is a long term tenant since 2011, while Unit D just moved out, providing an opportunity for a new owner to bring rents up to market or live in one unit. When including utility and pet income, total gross rents are as follows: Unit A ($1, 270), Unit B ($1, 460), and Unit C ($1, 510). Tenants pay for their own electricity and are billed back $75 for water, sewer and trash. There is also potential to explore adding one more unit or an onsite laundry facility for additional income by converting the garage. Property also has a spacious backyard for tenants to enjoy. See Transaction Desk for Rent Roll, repairs, seller expenses and survey.