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431 Cherokee St
For Sale $699,000 ($226.29 per Sq Ft)
$699,000 ($226.29 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 3,089 Sq Ft
- 6,000 Sq Ft
Description
Open house sunday!12-130.Fully occupied four-unit with large 2 car garage generating $68,400 in gross income and $56,881 in net income. The asset consists of three 2-bedroom apartments and one 3-bedroom apartment, offering a strong and desirable unit mix supported by consistent rental demand in the surrounding submarket. All units are currently leased, providing immediate and stable cash flow. The apartments are large in size, enhancing tenant appeal and long-term retention. Rents present clear upside potential, offering investors the opportunity to further improve performance through strategic rent adjustments. Tenants are responsible for their utilities, while landlord expenses are limited to taxes, insurance, and water/sewer/trash, maintaining a favorable and efficient expense structure. A new fire escape has recently been installed, contributing to safety compliance and long-term asset integrity. Additional income potential is supported by a large two-car garage, which can command strong rental premiums and further increase overall revenue. The property is situated in an exceptional location near major employers and healthcare institutions, including St. Luke’s Hospital, enhancing tenant demand and occupancy stability. With durable in-place income, rent-growth potential, supplemental garage revenue, and a prime location, this asset is well suited for investors seeking predictable cash flow with upside in a high-demand rental corridor.
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 | $699,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 3,089 |
| Number of Stories | 0 stories |
| Parking Spots | 2 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | P6SW2B10280204 |
| MLS # | PANH2009376 |
| Property ID | 322632374 |
| Lot Sqft | 6,000 |
| Zoning | RM |
| Total Units | 4 |
| Days on Market | 11 |
| Original List Price | Unknown |
| Date Updated | February 27, 2026 |
| Date Created | February 26, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $68,400 | $0 |
| Net Income (Yr) | $ 56,881 |
Listing Provided By
james J Reardon an agent of . Lic #RS342638
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Data last updated: March 09, 2026.
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Robert Crawford
REAL ESTATE AGENT