656 S 22Nd St

Explore the potential of this Multi-unit Fourplex real estate gem that requires renovations but promises substantial returns. While the property currently demands improvement, the strategic renovations are projected to significantly boost its market value. The anticipated increase in property value, coupled with the lucrative rental income, ensures a minimum positive cash flow of at least $900 per apartment, or $3,600 per month for the next property owner. Key Points: Renovation Potential: The property is priced to reflect its current condition, acknowledging the need for renovations. Renovation scope includes upgrading kitchens, bathrooms, and essential infrastructure to modern standards. Value Enhancement: Detailed market analysis indicates that the planned renovations align with current buyer and tenant preferences. Renovations are strategically chosen to maximize the property's appeal and increase its market value significantly. Rental Income Projection: In-depth rental market research supports the feasibility of achieving a premium rental rate post-renovation. Proximity to key developments, as mentioned in previous listings, contributes to the property's attractiveness to potential tenants. Financial Projections: A detailed financial analysis, factoring in renovation costs, market appreciation, and rental income, demonstrates a favorable return on investment. The conservative estimate guarantees a minimum positive cash flow of $3,600 per month, ensuring a steady income stream for the property owner. Market Trends: The current real estate trends in the area indicate a strong demand for renovated properties. Comparable properties that underwent similar renovations experienced a notable increase in value and rental income. Long-Term Profitability: The renovation not only enhances immediate cash flow but positions the property for long-term appreciation, securing the owner's investment.