The residence
Property overview
Fully occupied legal 4-family offering immediate rental income. This well-maintained Lawrence multifamily currently generates $8,400 monthly in gross rental income, plus additional income from coin-operated laundry. Each of the four spacious apartments features 3 bedrooms, offering a total of 12 bedrooms and 4 full baths. Building improvements include a certified fire sprinkler system, replacement windows, vinyl siding, individual gas heating systems, and separately metered gas and electric. Common basement amenities include coin-operated laundry, mechanical space, and tenant storage. Outside, enjoy a fenced yard with garden area and fruit trees, storage shed, one-car garage, and generous off-street parking for 8+ vehicles. All four units are occupied by tenants-at-will, providing established rental income with potential for rental increases. Conveniently located near shopping, transportation, and major commuter routes.An excellent opportunity to acquire an established and clean income-producing property with strong existing revenue and additional upside!
- Taxes 2026
- $7,404
- Parking
- 10 spaces
Property details and availability are sourced from the local listing feed and may change. Contact Leverage for current details and availability.