5516 Grand Boulevard

About this property

PRIME INVESTMENT OR HOUSE HACK OPPORTUNITY IN SOUTH CITY! Fantastic turnkey 4-unit quadplex located in the historic Carondelet neighborhood along South Grand Blvd. Perfect setup for an owner-occupant house hacker to live for free while tenants pay your mortgage, or for a savvy investor looking for immediate cash flow with upside potential! All 4 spacious 1 bed 1 bath units feature eat-in kitchens, bright living rooms, and bonus sunrooms. The units have all been recently updated with new kitchens and bathrooms, new appliances, and new LVP flooring. Major updates include a newer roof and new right-side plumbing stack, offering peace of mind for years to come. The electric panels are newer and the electric in basement has been updated along with PEX plumbing. Tenants enjoy comfortable updated living spaces, while owners benefit from strong cash flow and minimal maintenance. Tenants have access to laundry in the basement, along with a parking pad which provides off street parking. Unit 2S is vacant for showing purposes and is ready for a new tenant or owner occupant. The others are leases at $705, $800, and $700 per month. Close to Carondolet Park and everything South City has to offer! One unit and the basement can be shown, the occupied units can be seen with an accepted contract. Schedule your showing today!