About 1219 Franklin Avenue
Turnkey 4-Unit in Bond Hill - Fully Renovated Investment Property. This 4-unit building in Bond Hill featuring high-end finishes throughout, including granite countertops, tile bathrooms, and modern fixtures. Each unit has been completely updated, offering top-of-the-line finishes and stable rental income. The property generates $48,000 in annual gross income with total expenses of $14,960, which include: Insurance: $2,660 Property Management (7.5%): $3,600 Heat & Electric (each unit separately metered): $3,337 Taxes: $2,963 Maintenance (5%): $2,400 At a $375,000 asking price, the property delivers an 8.8% cap rate. This is a turnkey asset fully renovated, fully leased, and generating cash flow from day one. Additionally, the seller would consider selling three nearby single-family homes in Bond Hill.
