4307 Elliott Ave

Description

This solid income-producing 6-unit apartment building is 100% occupied and already generating strong cash flow. Current monthly rental income totals $4,815 across all units: • Apt 1 - $755 • Apt 2 - $755 • Apt 3 - $850 • Apt 4 - $755 • Apt 5 - $850 • Apt 6 - $850 Total Annual Gross Income: $57,780 Operating expenses are very manageable, with water averaging $300-$400, electric only $60-$70, and dumpster service at $115 monthly. With low overhead and stable tenants already in place, this property offers excellent cash-on-cash returns and immediate income from day one. Highlights: • Fully rented - no vacancy worries • Strong rental demand in the area • Low operating expenses • Turnkey investment with This is an ideal opportunity for both new and seasoned investors looking for reliable monthly income and long-term appreciation. At the current rent roll with a $385,000 sales price, this 6-plex produces a 13.4% cap rate with $51,420 in annual NOI  making it an outstanding turnkey cash-flow opportunity. We need a 24 hour notice for all showings so don't hesitate! Schedule your showing today before it is gone. *The photos pictured are of the units that were remodeled before getting new tenants.