Well-maintained 6-unit multifamily property offering an excellent opportunity for investors seeking established rental income with flexibility for future ownership strategy. All six units are currently on month-to-month leases, providing a new owner flexibility to evaluate existing rents and leasing strategies over time. All tenants are long-term tenants.
Currently, five of the six units are occupied, with one unit recently turned over following the resolution of a long-term tenancy. The current rent roll is available for review. One tenant typically pays mid-month but has consistently paid their rent.
The property has benefited from recent capital improvements, including a new main roof installed in 2025 and replacement of the house trap in 2025. All units feature baseboard heat and individual electric water heaters.
With established tenancy, recent improvements, month-to-month leases, and one vacant unit offering immediate leasing potential, this property provides investors with a solid multifamily asset and the flexibility to implement their own management and leasing strategy.
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Listing Snapshot
Price
$599,000
Days On Site
75 Days
Bedrooms
6
Inside Area (SqFt)
3,049 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.07 Acres
Year Built
1928
MLS® Number
PADA2062194
Status
Pending
Property Tax
$3,841
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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