816 Pershing Ave

Welcome to 816–822 S Pershing Avenue, a rare detached brick four-unit offering a unique opportunity for investors and owner-occupants alike. This property features four spacious three-bedroom, one-bathroom units, providing significant income potential. Unit 816 is currently rented for $1,045 per month on a month-to-month lease, while Unit 818 is rented for $1,065 per month on a month-to-month lease. Units 820 and 822 are currently vacant, giving the new owner immediate flexibility to place new tenants at market rents or take advantage of a potential house-hacking opportunity. Projected market rents are approximately $1,400 per unit, offering the potential for $5,600 in gross monthly rental income or $67,200 annually once fully stabilized. With the two occupied units currently on month-to-month leases, there is also an opportunity to increase rents over time and bring the entire property closer to market rates. Adding to the appeal, the property includes five off-street parking spaces in the rear—an attractive amenity for tenants. Tenants either pay utilities directly or are billed back for their usage, helping reduce ongoing operating expenses for the landlord. Whether you're looking to add a four-unit property to your portfolio, increase rents and maximize cash flow, or live in one unit while generating income from the others, 816–822 S Pershing Avenue offers multiple paths to create value. Call today to schedule your private tour of this one-of-a-kind investment opportunity!