816 S PERSHING AVENUE

Welcome to 816-822 S Pershing Avenue, a rare detached brick four-unit offering a unique opportunity for investors and owner-occupants alike. This property features four spacious three-bedroom, one-bathroom units, providing significant income potential. Unit 816 is currently rented for $1,045 per month on a month-to-month lease, while Unit 818 is rented for $1,065 per month on a month-to-month lease. Units 820 and 822 are currently vacant, giving the new owner immediate flexibility to place new tenants at market rents or take advantage of a potential house-hacking opportunity. Projected market rents are approximately $1,400 per unit, offering the potential for $5,600 in gross monthly rental income or $67,200 annually once fully stabilized. With the two occupied units currently on month-to-month leases, there is also an opportunity to increase rents over time and bring the entire property closer to market rates. Adding to the appeal, the property includes five off-street parking spaces in the rear--an attractive amenity for tenants. Tenants either pay utilities directly or are billed back for their usage, helping reduce ongoing operating expenses for the landlord. Whether you're looking to add a four-unit property to your portfolio, increase rents and maximize cash flow, or live in one unit while generating income from the others, 816-822 S Pershing Avenue offers multiple paths to create value. Call today to schedule your private tour of this one-of-a-kind investment opportunity!