LIANG Commercial Real Estate

Description

Fully rented 4plex with 3 bedroom, 1 bathroom units and excellent tenants. Situated on a quiet crescent and backing on to a treed reserve with a playground, these units are also walking distance to multiple schools and great for families. Two units have been renovated with vinyl plank flooring throughout, paint, some new cabinetry and light fixtures, and there's a new furnace in one unit. Shingles replaced in 2019, and all new concrete sidewalks were poured 4 years ago. All units are currently rented with excellent tenants, and rents can be increased immediately on 3 suites, with the other available for an increase on June 1, 2025. Tenants are currently paying $1300, $1400, $1300 (all utils included) and one unit is $1100 and pays its own gas and electricity. Market rents on these units are currently $1300 with tenants paying own electricity and gas (each unit is separately metered) so rents can easily be increased. Each unit has its own paved parking pad with room for 2 vehicles, and there's additional street parking available out front. This property can be purchased with 24 Gilchrist next door for the simplicity of having side by side buildings to make for easier maintenance and management.