312 E Ormsby Ave

Description

Rare new construction quadplex opportunity with built-in upside. This to-be-built property will feature four well-designed units, each offering 2 bedrooms, 1 bathroom, and approximately 796 square feet of efficient living space—ideal for maximizing rental income and tenant appeal. Each unit will be thoughtfully laid out to provide comfortable living, low maintenance, and strong long-term performance. With new construction, investors can benefit from reduced capital expenditures and modern systems from day one. An additional value-add opportunity may exist with the potential for an accessory dwelling unit (ADU) at the rear of the property. Plans are currently in the approval process for a proposed 3-bedroom, 1.5-bath residence; however, construction of the ADU is subject to final approv by the appropriate governing authorities. Pro forma projections indicate a 7% cap rate, making this an attractive option for investors seeking both stability and future growth.