5-unit apartment complex featuring three large 2bd/1bth units and two 1bd/1bth units with strong current income and excellent rental upside. The property was originally built in 1951, offers approximately 4,335 square feet of rental space, and sits on a 6,300 square foot lot with four garage spaces and a nice backyard area. The exterior and interior are in good condition with no deferred maintenance resulting in an attractive turnkey investment for the next owner. The property has been historically managed by the owner, is separately metered for PG&E, and offers low annual operating expenses. Currently there are two vacant 2bd/1bth units perfect for an investor seeking high market rents or possible owner-occupants. This is a cash-cow, turn-key investment not to be missed! The property is located on a quiet residential street with mostly single-family homes. There are many restaurants, shopping options, and public transportation nearby making this an attractive
location for tenants.
- 5-unit Apartment Complex Featuring Three Large 2bd/1bth Units and Two 1bd/1bth Units with Excellent
- Excellent Current Income and Strong Rental Upside
- Low Maintenance Property Separately Metered for PG&E with Low Annual Operating Expenses
- Two Vacant 2bd/1bth Units; Perfect for Owner-Occupants or Investors Seeking Max Market Rates
- Quiet Residential Street Comprised of Mostly Single-Family Homes Close to Shopping and Restaurants
- Four Parking Garages Rented for Additional Income
- Current Cap Rate: 10.01%, Current GRM: 7.22
- Year Built: 1951, Price/Unit: $199,000, Price/SqFt: $229.53
Feel free to contact us for more details!
The Pinza Group (DRE: 01941229)