This strong income producer is ideal for an investor or owner occupant looking to have solid investment. The property can use some sprucing on the interior but has good bones. Might require 203K or Renovation Loan for an FHA or VA Buyer. Roof was installed approximately 9 years ago and Exterior paint was done about the same time. First floor is vinyl sided. There is a three bay garage in the back currently occupied by the Seller that he's willing to pay to rent going forward, which will make your income all the stronger. Tenants pay by the week with all utilities included which is why the rent is so strong. The rental income would indicate a much higher list price, however we need to balance what the market pricing and the current property condition for appraisal purposes. Offers up to about 10% over list price should still be likely to appraise. This property is a win for anyone who doesn't mind doing their own improvements or is comfortable adding value over time. CURRENT lead certificates are available for each unit and the third floor has new windows. Check out the 360 Tour and schedule your viewing today!
Multi-familyProperty Type
1920Year Built
6,098 sq ftLot Size
$69Est. Price/Sq.Ft.
3 car garageParking
Listed by Stacy Corrigan• Peace of Mind Prop. Mgmt & R.E
Bought with Fida Salameh• Peace of Mind Prop. Mgmt & R.E
Great house for the investor/landlord. Many improvements. Could get good cash flow. Off street Parking 3 garages. Sale is Subject to liienholder's approval
RIS #218151
Aug 22, 2003
Sold
$245,000
$28/sq ft
Mar 28, 2003
Listing Removed
—
Nov 25, 2002
Listed
$255,000
$29/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,278 (+6.9%)
$90,900 + $468,100
$559,000
2024
$5,874 (+4.0%)
$90,900 + $313,100
$404,000
2023
$5,648
$90,900 + $313,100
$404,000
2022
$5,648 (+28.9%)
$90,900 + $313,100
$404,000
2021
$4,382 (−1.0%)
$37,000 + $147,500
$184,500
2020
$4,428 (−0.3%)
$37,000 + $147,500
$184,500
2018
$4,443 (−1.0%)
$37,000 + $147,500
$184,500
2017
$4,488 (−5.5%)
$40,600 + $108,500
$149,100
2016
$4,747 (−13.0%)
$40,600 + $108,500
$149,100
2015
$5,454 (+0.4%)
$40,600 + $108,500
$149,100
2014
$5,434 (+4.0%)
$44,600 + $106,600
$151,200
2013
$5,225 (+7.1%)
$44,600 + $106,600
$151,200
2012
$4,878
$44,600 + $106,600
$151,200
Tax history for 201 199 4th Ave
Year
Property tax
Land + Additions
Assessment*
2025
$6,278 (+6.9%)
$90,900 + $468,100
$559,000
2024
$5,874 (+4.0%)
$90,900 + $313,100
$404,000
2023
$5,648
$90,900 + $313,100
$404,000
2022
$5,648 (+28.9%)
$90,900 + $313,100
$404,000
2021
$4,382 (−1.0%)
$37,000 + $147,500
$184,500
2020
$4,428 (−0.3%)
$37,000 + $147,500
$184,500
2018
$4,443 (−1.0%)
$37,000 + $147,500
$184,500
2017
$4,488 (−5.5%)
$40,600 + $108,500
$149,100
2016
$4,747 (−13.0%)
$40,600 + $108,500
$149,100
2015
$5,454 (+0.4%)
$40,600 + $108,500
$149,100
2014
$5,434 (+4.0%)
$44,600 + $106,600
$151,200
2013
$5,225 (+7.1%)
$44,600 + $106,600
$151,200
2012
$4,878
$44,600 + $106,600
$151,200
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.