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5900 Pine St
For Sale $350,000 ($218.75 per Sq Ft)
$350,000 ($218.75 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 1,600 Sq Ft
- 1,280 Sq Ft
Description
This fully electric quadruplex presents an excellent investment opportunity with strong cash flow potential. The property consists of three 1-bedroom apartments and one studio, with three of the units delivered vacant, allowing immediate leasing at projected rents exceeding $900 per month per unit. The fully electric design contributes to minimal utility costs, with the house meter consuming an exceptionally low amount of electricity, further enhancing profitability.
Beyond basic expenses, such as property taxes and insurance, the operating costs remain low, positioning this property as a potentially lucrative asset for the right investor. Given the current rental demand in the area and the property's low-maintenance nature, it offers considerable upside for a hands-on investor looking to maximize returns. This quadruplex could function as a reliable source of passive income, with the opportunity to increase rents over time as the market appreciates.
Overall, this property represents an ideal acquisition for investors seeking a low-overhead, high-return rental investment with minimal ongoing operational expenses.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $350,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 1,600 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 032042100 |
| MLS # | PAPH2421184 |
| Property ID | 321066381 |
| Lot Sqft | 1,280 |
| Zoning | RM1 |
| Total Units | 2 |
| Days on Market | 62 |
| Original List Price | Unknown |
| Date Updated | December 20, 2024 |
| Date Created | November 17, 2024 |
Listing Provided By
tal iss an agent of . Lic #RM425812
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Data last updated: January 18, 2025.
Robert Crawford
REAL ESTATE AGENT