Residential Income · Under Contract

About This Property

This quadplex (two duplex units) is an investment property with renters in place. The owner will provide all income and expense information. The property is also being marketed as a land sale. All four units are occupied by renters, and renters require 24 hours' notice for showings. The seller has extensive information about the property available to a qualified buyer. The property can be used as an existing investment/rental property; when the lease term ends, it can be owner-occupied in one unit, with the remaining units as rentals. One of the two duplex units has a Clarkson address, and the west duplex has an Oxford address, set out as follows: 4087 S Clarkson St -4089 S Clarkson St - 781 E Oxford St - 783 E Oxford St. The City of Englewood Zoning Department allows for two single-family homes and two ADU units on this lot. The ADU units can be long-term rentals and, in some circumstances, even short-term rentals if you meet all requirements.

This might qualify for the Community Reinvestment Act, providing 1.75% of the loan amount as a credit toward the buyer’s closing costs, prepaid interest, and discount points. Contact the listing agent for more details.

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