This investment property presents a compelling opportunity for real estate investors, particularly those considering a 1031 exchange. Property Overview Type: 4-family residence with 2 commercial spaces and a detached garage. Condition: Sold AS IS, with existing tenants in place. CASH OFFERS ONLY. Potential Rental Income Three-bedroom… Read More units: 2,800-3,000/month. Two-bedroom units: 2,300-2,500/month. Commercial spaces: 1,500-1,800/month each. 1031 Exchange Considerations This property qualifies for a 1031 exchange, allowing investors to defer capital gains taxes by reinvesting the proceeds into a like-kind property within specific timelines. The IRS mandates that the replacement property be identified within 45 days and acquired within 180 days of the sale. Both the relinquished and replacement properties must be held for investment or business purposes to qualify. Needs 24 hour notice for showings. Read Less
Courtesy of Neuhaus Realty, Inc..
Listing Snapshot
Days Online
46
Last Updated
Property Type
Single Family
Beds
10
Full Baths
4
Square Ft.
6,156
Lot Size
0.11 Acres
Year Built
1931
MLS Number
2502668
30 Days Snapshot Of 10310
$783k
+26%
(avg) sold price
9
+28%
homes sold
146
+28%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1931, Building area total: 6,156, 3 stories, Construction materials: "Stucco", "Cable"
Expenses
Operating expense: $16,000
Garage
1 garage space
Heating
"Hot Water", "Natural Gas"
Income
Gross income: $61,140, Net operating income: $45,140
Lot
0.11 acres, 5,000 square feet, Area: 5,000
Parking
"Off Street", "Detached"
Property
Zoning: R-3A
Sewer
"City"
Taxes
Tax annual amount: $8,800
Utilities
Electric: "220 Volts"
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