4422 North Hale Avenue

4422 N Hale Avenue offers investors the opportunity to acquire a

well-located small multifamily asset with immediate upside. The

property consists of six one-bedroom/one-bath apartments in three

concrete block duplex buildings on a 14,400 SF lot, each unit with a

covered carport.

Current rents of $750/unit leave substantial room to market. An

estimated $80,000 renovation and stabilization at $1,250/unit lifts

projected NOI from $27,254 to $57,970, and IG (Industrial General)

zoning provides long-term redevelopment flexibility not commonly

found with small apartment properties

PROPERTY DETAILS

Asking price $600,000

Units 6 (1BR/1BA)

Buildings 3 duplexes

Construction Concrete block

Building SF 2,388

Lot size 14,400 SF

Zoning IG

Stories 1

Year built 1972 Year renovated 1996

Class C

Parking 1 carport/ unit