This TURNKEY 4 unit cashflow cow (10 cap!) is in fantastic shape and all of the major updates are done! Completely rented out, new furnace, new windows, new water heater, new flooring, new paint, newly done compliant sewer lines, new toilets, and some new appliances make this a no brainer to stack your portfolio or start your rental empire. Three units are 1 bed/bath and there is one 2 bed/1bath. The demand for rentals in Hibbing is very high keeping the vacancy rate to a minimum. There is an onsite manager who has been there for 12 years and takes care of the maintenance, showings, snow, lawn, and any rent collection for $100 /month! There is a potential to do a garage conversion and add a 5th unit too!
Listing courtesy of Grand Properties Real Estate
