Welcome to a turnkey income property at 1025 Magnolia Street, a well-kept fourplex in the Crestmoor Park neighborhood that's 100% occupied and producing from day one. With a 6.6% cap rate, current rents of $5,330 per month and a 2025 NOI of $45,959, this one makes sense on paper and… Read More holds up in person.
The building offers 3,282 square feet across four 2-bedroom, 1-bath units, each with its own full-size washer and dryer, an amenity tenants value and one that helps keep turnover low. A full remodel in 2014 means updated interiors and fewer surprises, and the property has been well maintained since. Private storage units out back add everyday convenience for residents.
Seller financing is available, which opens the door to more flexible terms than you'll find on most investment properties. Whether you're adding to your portfolio or buying your first investment, this fourplex is ready to go to work for you. Full financials are available upon request. Reach out today to schedule a showing. Read Less
Built in 1971, Living area: 3282, Levels: Two, Construction Materials: Frame, Vinyl Siding, Wood Siding
Expenses
Operating: $18,393
Floors
Carpet, Tile, Vinyl
Foundation
Slab
Heating
Baseboard, Hot Water
Income
Gross Income: $64,352
Interior Features
Eat-in Kitchen, Open Floorplan, Walk-In Closet(s)
Laundry
In Unit
Lot
0.19 acres
Owner Pays
Electricity, Gas, Trash Collection, Water
Parking
16 total parking spaces
Roof
Composition
Sewer
Public Sewer
Taxes
Parcel Number: 63293-13-034, Annual Amount: $2,302, Legal Description: NWLY 40.0 FT OF LOT 6, SELY 43.0 FT OF LOT 5 BLK 9 CRESTMOOR PARK, Year: 2025, Zoning: R-4
Utilities
Water Source: Public
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