1313 Karlov Avenue
Turnkey cash-flowing 3-unit building with strong income and upside. Each unit features a large 4-bedroom layout, fully occupied with rents at $1,850, $1,850, and $1,700/month. All tenants are on month-to-month leases, allowing for immediate flexibility and value-add potential. Offered at $475,000, this asset delivers approximately an 8% cap rate with current operations. Monthly expenses reported at ~$2,200, making this a solid performer from day one. Ideal for both investors and owner-occupants-live in one unit while the remaining units generate income to significantly offset your mortgage. Strong unit mix, in-place cash flow, and the ability to increase rents or reposition over time. Property is positioned with a city-owned vacant lot on one side, providing added spacing and a more open feel compared to typical densely built properties. Property being sold AS-IS. Buyer to perform their own due diligence.
- Subway 0.2 mi
- New Pine Valley Restaurant 0.4 mi
- Checkers 0.4 mi
- The SoulFood Lounge 0.5 mi
- Soule 0.6 mi
- Popeyes 0.8 mi
- Shell 0.2 mi
- BP Shop 0.4 mi
- GoLo Gas Station/Store 0.4 mi
- Amoco 0.5 mi
- 76 0.6 mi
- Save-A-Lot 0.7 mi
- Keeler Park 750 ft
- Crawford Park 0.3 mi
- Ninebark Park 0.3 mi
- Franklin Park 0.3 mi
- Hornbeam Park 0.4 mi
- Violet Playlot Park 0.4 mi
- Dunkin' 0.7 mi
- Green Garden Cafe 0.8 mi
- Green Tomato Cafe 0.8 mi
- Dunkin' 0.9 mi
- Monday Coffee Co. 1.1 mi
- Dunkin' 1.2 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12604573