We are proud to offer this beautiful quadplex in the historic district of Olde Town which has the potential to be a relatively simple value-add play with 3 of 4 tenants currently paying well below anticipated market rent levels. Currently, one of the four occupants is also a property manager and is paying less than half market rent by way of an existing arrangement. Additionally, two of the other tenants are renting under stipulations of a HUD tax credit program and are paying well under market rents for the remainder of the tenancy, set to end in August of 2021 (Additional information available upon request.) Ideal for medical or dental students. Gas stoves, gas heat, gas water heaters, and low-maintenance stucco exterior. Well maintained, nicely updated, and fully leased. Units have beautiful wood floors, tall ceilings and huge windows. Units A & C are 2/1 with large bedrooms that feature walk-in closets, heart pine floors, & amazing front porch. Units B & D are 1/1.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
