Property Description
Welcome to 2626-32 Parkside Terrace in Brookhaven! This four-unit multifamily property presents an excellent opportunity for both investors and owner-occupants. Each unit features 2 bedrooms and 1 full bathroom. One unit is currently vacant, offering an ideal opportunity for an owner-occupant to live in one unit while collecting rental income from the remaining units, or for an investor to lease the unit and increase overall income. The three currently occupied units are generating $1,185, $1,600, and $1,600 per month, for a current total of $4,385 in monthly rental income, or $52,620 in annualized gross rental income. The vacant unit was previously leased at $1,550/month and is currently being marketed at $1,625/month. Once leased, the property has the potential to generate approximately $6,010 in monthly gross rental income, or $72,120 annually, making this an attractive opportunity for an investor seeking strong income potential with immediate upside. With existing rental income, a vacant unit, and opportunities to enhance future income, this property offers an attractive combination of immediate cash flow and long-term investment potential. The four-unit configuration provides flexibility for a variety of investment strategies, whether you're looking to expand your rental portfolio, generate additional income, or occupy one of the units while offsetting your housing costs with rental income from the others. The co-listing agent is the owner/seller of the property and is a licensed real estate professional.