Property Description

Turnkey 4-unit investment property offering immediate cash flow with a current gross monthly rental income of $3,615. This well-maintained multifamily consists of three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, with a strong tenant base and all tenants current on rent. Most units are leased through 2027, providing stability and predictable income for the next owner. The property has seen numerous capital improvements, including newer heating systems installed in 2021 and 2023, multiple updated water heaters, and a sewer line replacement from the house to the curb completed in 2023. Landlord expenses remain manageable, with tenants responsible for electric, heat, garbage removal, and internet service. Owner currently provides water/sewer, lawn care, and snow removal. Whether you're expanding your portfolio or purchasing your first multifamily investment, this income-producing property offers a solid rental history, updated mechanicals, and dependable cash flow in a convenient Carthage location. Financials and lease information available upon request.

Property Features

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