$340,000
MLS#: 1627440
- Type: Multi-family
- Lot Size: 0.14 Acres
- Year Built: 1925
- Square Feet: 4,680
Property Details
Cash flow day one with major upside still on the table. This 6-unit multifamily on Cumberland Street is already generating income with 4 of the 6 units leased, delivering a 6% cap rate as-is—with the remaining units rent-ready and poised to push returns significantly higher.
The building offers separate electric, a clean, functional layout, and is located in a high-demand rental area. With minimal additional investment, a fully stabilized cap rate north of 18% is within reach, making this an ideal opportunity for investors looking to force appreciation and boost cash flow in short order.
Opportunities like this—partially stabilized, easy to finish, and packed with upside—are rare. Request the financials and schedule a showing before this one gets picked up.
Property Listed by: Keller Williams Realty
Home Features
Below Grade Finished Area ±:
0
Above Grade Finished Area ±:
4680
Land Features
Electric:
Circuit Breakers
Map (approximate)
