414 S 7th Avenue

Description

Well-maintained fourplex featuring two upper and two lower units, all 2-bedroom, 1-bath, with three units fully remodeled and one unit remaining for future value-add. Recent upgrades include new LVP flooring and carpet, new appliances, fresh interior and exterior paint, new windows, new roof, updated electrical, and modern light fixtures throughout, minimizing near-term capital expenditures. All units include in-unit laundry hookups, adding convenience for tenants and increasing rental appeal. The property is a true turnkey investment generating $76,000+ annually in rental income, with additional upside through renovation of the remaining unit and continued rent growth. The property is also located in an opportunity zone. Tenants are responsible for electric and gas directly, with water and trash billed back, helping maintain efficient operating expenses. Additional features include 10 off-street parking spaces in the rear plus street parking in front, a strong amenity for tenants. Located within walking distance to South Elementary, Vikan Middle School, and Brighton High School, the property benefits from consistent rental demand and a desirable, accessible location. A solid opportunity for investors seeking immediate cash flow, minimal deferred maintenance, and clear upside potential.