1308 Mehle St, Arabi
$550,000
Renovated muli-family 6 plex in the heart of Arabi! Excellent location! Long term tenants with original rent prices from 2019! Huge VALUE ADD opportunity to simply raise rent to market value! Exceeds the 1% rule!! Tons of upgrades! Roof 2020, sewer line redone in 2020, all units renovated with granite counters and vinyl flooring! All units are identical. Market rents are $1100-$1150 making this an excellent cash flowing investment. NO FLOOD insurance required! Community laundry. No landscaping to maintain. Owner currently pays for water which can easily be converted to tenants. Huge Value add opportunity without doing any renovations!
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