$399,950

*ALL UNITS OCCUPIED* Investment opportunity in the heart of Waldo! Offered at $399,995, this all-brick fourplex generates approximately $50,580 in annual gross rental income with an estimated NOI of $35,334—representing an attractive 8.83% cap rate and a price of approximately $99,999 per unit. Each unit is a 2/1 with approx. 972 sqft of living space. Each spacious unit offers a comfortable, house-like feel that sets the property apart from a typical apartment building. Tenants also enjoy large private basement storage areas with laundry hookups and ample off-street parking. Utilities are separately metered and paid by the tenants, except for water, helping simplify operations and control owner expenses. The property is within walking distance of Waldo’s popular shops, restaurants, and neighborhood amenities, while remaining just minutes from State Line Road and convenient access to Kansas. Current average rents are approximately $1,054 per unit per month, leaving additional value-add potential. With strategic updates as units turn, a future owner may have the opportunity to improve the units, increase rents, grow NOI, and strengthen the property’s long-term value. With durable all-brick construction, strong current income, spacious units, exceptional storage, ample parking, and an established Waldo location, this property offers an appealing combination of immediate cash flow and future upside.