7452 S. Colfax is comprised of (3) 3bd 1ba units boasting approximately 1500 sf of living space. All of the units and building was completed renovated in 2016/2017. All of the in-unit improvements included, but limited to: Kitchen Cabinets, granite Counter Tops & Mosaic Tile Backsplashes, New Engineered Hardwood Floors, Brush Nickel Faucets. GE Appliances, Bathrooms, light fixtures, and ceiling fans. The capital improvements include, but not limited to: new electrical service with GFCI's, plumbing, new windows, HVAC, trim, doors, new porches (2021), and more! This fantastic 3-flat provides an investor the opportunity to acquire their first property or a seasoned investor who wants to add more units with low-density and grow their exiting portfolio. There are two CHA tenants currently in the renting, where CHA pays 100% of the rent. The third tenant is market. The current Gross Scheduled Rent income is $42,600, but in this listing, an estimated 5% vacancy/credit loss is taken into consideration which brings the Gross Operating Income to $40,470. The second option is to purchase this property as an owner-occupied buyer and take advantage of the rents from the other units to cover your mortgage and then some! **NOTE** This property can also be purchased with 7656 S. Colfax (same owner) MLS#1118340 . Call listing agent for more details on all opportunities.
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