5 UNITS | MID-CITY HEIGHTS
$1,600,000

Realty Investment Advisors is excited to present 4711 St Elmo Drive, a remarkable 5-unit property in Mid-City Heights, newly constructed between 2023 and 2024, offering a CURRENT 6.54% CAP RATE. This turnkey investment features three separate buildings situated on a 6,450 square foot lot.  The front structure is a brand-new, one-bedroom, one-bath single-family home, completed in 2024, with no shared walls. The middle structure is a fully renovated duplex, consisting of two one-bedroom, one-bath units, with an extensive gut renovation completed in 2023. This renovation included all-new electrical, plumbing, HVAC, windows, and more, with no expense spared.  The rear structure is a newly built duplex, featuring one one-bedroom, one-bath unit and one two-bedroom, two-bath unit. All units are equipped with high-end finishes, including modern vinyl plank flooring, tile showers, quartz countertops, mini-split HVAC systems, stainless steel appliances, recessed lighting, and in-unit washers and dryers. Additionally, new main water and sewer lines have been installed.  Fully occupied by qualified tenants, this property represents a rare and exceptional investment opportunity.