Exceptional four-family detached investment property in the heart of Elm Park / Mariners Harbor! This legal 4-unit building is fully rented, generating an impressive 13,100 per month in gross rental income—over 157,000 annually—with all rents collected by the 13th of each month, ensuring steady, predictable cash flow from day one.… Read More Each apartment is separately metered and occupied by reliable, long-term tenants. The property sits on a 3,597 sq ft lot with approximately 2,548 sq ft of living area, offering four well-maintained, self-contained units with low owner expenses. Highlights: • Legal 4-family detached structure • Fully rented - 13,100/month (157K+ annual) • All rents paid promptly by the 13th of each month • Separate utilities Low overhead No open violations • Convenient North Shore location near Forest Ave shopping, schools, buses & highways • Strong rental demand & investment growth potential Financing: Cash or hard money loan only—conventional financing not accepted due to an active Stop-Work Order. Read Less
Courtesy of Re/Max Edge.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family
Beds
16
Full Baths
7
Square Ft.
2,548
Lot Size
0.08 Acres
Year Built
1931
MLS Number
2506856
30 Days Snapshot Of 10303
$535k
-17%
(avg) sold price
6
-45%
homes sold
109
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1931, Building area total: 2,548, 2 stories, Construction materials: "Brick"
Heating
"Hot Water", "Natural Gas"
Lot
0.08 acres, 3,597 square feet, Area: 3,597
Parking
"On Street"
Property
Zoning: C1-R3-2
Sewer
"City"
Taxes
Tax annual amount: $12,806
Utilities
Electric: "110"
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