Home Details for 3644-3646 Bates Street

Attention Investors - FULLY occupied, updated fourplex building complex with an attractive cap rate of 7% and an outstanding location! Excellent opportunity to add this income-producing fourplex in Holly Hills to your investment portfolio. Updates include a new TPO roof from 2024. All units have a laundry area/ washer & dryer located in the basement. Well maintained & upkept investment property - each unit has a functional layout! Private parking in back with additional on street parking. This multifamily property generates approximately $46,020 in annual rental income with reported annual operating expenses of approximately $10,393, producing an estimated Net Operating Income (NOI) of $35,627. Four rental units providing multiple income streams under one roof, this property presents an opportunity for investors seeking immediate rental income, portfolio growth, and long-term appreciation potential. Centrally located - urban living w/ quick highway access, close to Carondelet Park, right by shopping & all other amenities. This is an exceptional opportunity to add this cash flowing to your portfolio! Call now for more information

• Parking

  • Additional Parking
  • Off Street
  • On Site
  • On Street
  • Parking Pad

• Cooling Information

  • Central Air
  • Ceiling Fan(s)

• House Interior

  • Ceiling Fan(s)
  • Eat-in Kitchen

• Heating Information

  • Forced Air

• Water Features

  • Public

• Basement

  • Full