1616 Eagle Street

Step into a rare Uptown investment that checks every box for performance, stability, and long-term upside. This fully leased 4 unit property is a true cash cow, generating a combined monthly income of $5,398 with all four tenants in place and paying on time. NONE of the Units are Subsidized ~ NONE. Each Tenant pays their own rent timely!! Opportunities with this kind of return are scarce, especially in a neighborhood this sought after. The property spans two separate buildings on an oversized 45' by 120' lot with coveted off street parking. • Front building: (two)one bedroom one bath units, each leased at $1,400 per month • Rear building: (two) one bedroom one bath units, each leased at $1,299 per month Tenants enjoy simple living with water & electricity included, making these units extremely easy to lease and maintain. Investors enjoy strong, predictable income and a high cap rate that outperforms most multi-family opportunities in this price category. The TOTAL average utility costs that the landlord/Owner covers is $900 TOTAL (for the electricity and water, sewerage & trash). Only 4 blocks to Oak Street, this location is exceptional! You are moments from award-winning restaurants, neighborhood coffee shops, fitness studios, art galleries, live music venues, and one of Uptown’s most beloved commercial corridors. Demand for this area is always strong, which helps keep vacancies low and rents competitive. Additional benefits include the preferred Flood Zone X, a property that has never flooded, and an overall setup that makes this an easy addition to any portfolio. This is a rock solid investment with excellent cash flow from day one. Do not miss this one!