1935 Karluk Street

Description

Attractive 4-plex that is professionally managed. Show this 4plex to your buyers as it checks most of the boxes they are looking for. Each unit is 2 bed, 1 bath with large south and north facing windows, washer/dryer in each unit, exterior entrances (minimal interaction w units), covered carport space for each unit w electric plug-in, extra pantry closet in living room and oversized usable lot!Walk into instant equity with this multi! Neighboring building with identical layout appraised substantially higher! Attention owner occupant buyers and investors this is the property that you have been waiting for! This property checks nearly all of the amenities boxes with in unit washer/dryer, dedicated covered parking space for each unit, private locked storage for each unit, extra space in unit for linens/pantry storage, large windows facing north & south, plus this property sits at the end of a quiet street close to downtown and midtown. Property is right next to park and trail system on an oversized usable lot plus it is across from a senior housing complex for peace and quiet! The owners are selling the property and a purchase must be contingent on a 1031 exchange (sellers appear to have identified a target property, BTV). This property is in well maintained however there is easily room to increase rents significantly. A handy person should be able to push rents an additional 100-200 per unit per month with a bit of elbow grease! Quick access to the base but off of the "main drag". If they receive orders to relocate, this property will be easy to keep as an investment (it hits most of the renter amenity boxes) or will be very easy to sell with all of the competitive perks that make this one a "cut above the rest".