9213-9219 E 54th Terrace

Description

This turn-key fourplex presents a compelling opportunity to acquire a clean, renovated income-producing asset with immediate upside and long-term stability. Thoughtfully updated interiors, dedicated parking for each unit, and straightforward operational efficiency create the kind of investment profile that is increasingly difficult to find at this price point. One unit is intentionally being delivered vacant to allow easy showings and a seamless transition for the next owner, while also creating an immediate value-add opportunity through quick lease-up at current market rents. With full occupancy, projected gross rents approach $45,000 annually, creating strong cash flow potential from day one. Each unit offers two spacious bedrooms, a separate utility area with laundry hookups, and attractive updated finishes that enhance tenant appeal and support durable rental demand. Solid brick construction and individually metered services further strengthen the investment fundamentals, while seller-reported historical expenses reflect a practical and manageable operating profile. For buyers looking to blend investing with owner occupancy, this also makes for an exceptional house hack opportunity, with the ability for a qualified buyer to potentially secure a four-unit property with low down payment financing in the 3% to 3.5% range while rental income from the additional units helps offset ownership costs. Whether you're expanding a portfolio or making a strategic first multifamily acquisition, this is the kind of asset that checks the boxes—updated, efficient, financeable, and positioned for income, with stabilized performance supporting cap rate projections in the 6%+ range based on market rents and full occupancy.