Broad | Streck Street

This offering consists of a turnkey portfolio of four brick quadplexes available as a single package for $1.65m. The portfolio produces a current Net Operating Income of approximately $123,000 annually, providing immediate cash flow with significant upside potential. All 16 units are fully occupied with professional property management in place, making this a true hands-off investment opportunity from day one. The properties have been well stabilized and consistently leased, with tenants paying all utilities. The landlord is responsible only for mowing and trash, creating a simple and efficient operating model. While the properties are performing well in their current condition, they present a clear value-add opportunity. Most units are in functional but dated condition, offering meaningful potential for rental increases through interior updates and targeted improvements. Current rents are below market for comparable renovated units in the area, allowing a new owner to increase returns over time through a strategic upgrade plan. Three of the quadplexes are located along Broad Street, a high-visibility, high-traffic corridor, providing excellent long-term desirability and ease of leasing. The fourth quadplex, located at 702 Streck, is newer construction and considered the strongest asset in the portfolio, featuring all two-bedroom, two-bath units in superior condition. Unit Mix: 702 Streck: Four 2-bedroom / 2-bath units (newer construction, best condition) 815 Broad: Four 2-bedroom / 1-bath units 817 Broad: Four 2-bedroom / 1-bath units 819–825 Broad: Four 3-bedroom / 1.5-bath units All units include washer and dryer hookups (appliances not provided). This portfolio is ideal for an investor seeking immediate cash flow with the ability to create additional value over time through renovations and rent growth. With solid occupancy, established management, and brick construction, this is a stable, income-producing asset with clear upside.