7 bedroom house for sale

Overview

RARE RIVERTON OPPORTUNITY! (2nd Building Units 5, 6, 7, 8) This 4Plex property makes for a wonderful 1031 exchange, owner occupied investment, or a land purchase for surrounding home owners in the area. This has been a families 1031 exchange for 19 years and as such, the tenants have all been kids, friends, and community members in need at reduced rents. This family has used this property as a way to give back into their community and lovingly upkept and maintained it well. Each tenant is month to month and aware that rents will very likely increase. Market rents should be $900-1000 for the 1 bedroom units apx, and $1200-1300 for 2 bedroom units apx. Seller has renovated and updated most units as they have cycled out tenants. All but one bathroom has new counters and shower inserts. All the plumbing and electrical is in working order and fit for intended purposes, and there is no large deferred maintenance to the property. Roof is still under warranty. 2 Units are vacant on purpose for showings and the other 6 units are available with 24-48 hour notice to a buyer with solid interest. Do not knock on units 1, 3, 4, 5, 6, 7 but 2 and 8 are easy to show and keyboxed with CBS Code. Seller provided great records and you can find those as attachments to the MLS. NOTE: Units are NOT Identical. This building has 3 units that are 2 bedroom, and 1 bathroom and 1 units that are 1 bedroom, 1 bathroom. Seller is preferring to sell this 4 plex with the partnering property 12679 S. 1630 W. Riverton, listed as MLS 2015642