Property Description

Turnkey Cash Flow Monster with a 12% Cap Rate! Attention savvy investors: here is the rare, high-performing multi-family asset you've been waiting for. Located at 1830 Clifford Avenue, this unique 4-unit property delivers outstanding financial performance from day one, boasting a strong Net Operating Income (NOI) of $29,753 and an incredible 12% Capitalization Rate at the listing price of $249,900. Best of all, buy with total peace of mind-the Certificate of Occupancy (C of O) was just fully renewed in September 2025, ensuring a seamless transfer! The property features an intelligent layout optimized for rental strength, split between a front building and a separate back house setup: Front Building (Units 1 & 2): Two spacious, single-level apartments, each featuring 2 bedrooms and 1 bathroom. Both units come equipped with brand-new stoves and refrigerators. Back Building (Units 3 & 4): Two impressive 3-level layouts, each with 2 bedrooms and 1 bathroom. Unit 4 includes a semi-finished basement with additional rooms for versatile space. Financials & Massive Value-Add Potential: The property currently generates a robust gross rent roll of $3,550 per month ($42,600/year). Units 1, 2, and 4 are currently bringing in $950/month each. Unit 3 is occupied by a stellar, meticulously clean, 10-year long-term tenant paying an under-market rate of $700/month who assists with minor site maintenance. With three units already modernized with new appliances and one unit significantly under market value, there is clear, immediate upside potential to optimize rents to full market rates and push your yield even higher. Add this powerhouse to your portfolio and start collecting strong, diversified rental income immediately. > Please do not disturb the tenants under any circumstances. Showings will be scheduled for the buyer once a contract has been accepted.

Property Features

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