1048 20th Avenue

About this property

One of the few multifamily properties currently available in the Linden area, this is a rare opportunity to acquire a cash-flowing asset with significant potential for value creation. This brick 4-unit multifamily property features four 2-bedroom, 1-bath townhouse-style units, each with a private basement. Two of the four units are currently occupied, providing immediate rental income. One unit is rent ready and on the market for $1000 while the other vacant unit offers significant value-add potential. The occupied units have been updated with replacement windows, furnaces, and kitchen improvements. Unit 1050 is leased through December 2026 at $800 per month. Unit 1052 is leased through May 2027 at $950 per month. Unit 1054 is currently vacant and requires a full renovation. Professionally managed, the property offers stable tenancy with additional upside through renovation and future rent growth. The vacant units are easy to show. Occupied units may be viewed after an accepted contract, contingent upon inspection. BEING SOLD AS IS.

Highlights

Sewer

Public Sewer

Heating

Forced Air

Utilities

Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer

Water Source

Public

Listing Terms

Conventional

Lot Size Acres

0.22

Location