Description
3-unit apartment complex on a HUGE lot consisting of one front 2bd/2bth house and a duplex in the rear featuring one 2bd/1bth unit and 1bd/1bth unit. Current cap rate: 7.09% and current GRM: 10.24. The property was built in 1938, offers approximately 2,442 square feet of rental space, and sits on an oversized 8,990 square foot lot with three garages and room for possible ADU development. The front house has been fully remodeled and perfect for an owner-occupant or investor who wants max market rent. The back units have been updated over time and are occupied by nice respectful tenants who are current on rent. The property is easy to maintain and separately metered on PG&E providing for low annual operating expenses.
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5BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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2,442SQFT
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$317$/SQFT
School Ratings & Info
Description
3-unit apartment complex on a HUGE lot consisting of one front 2bd/2bth house and a duplex in the rear featuring one 2bd/1bth unit and 1bd/1bth unit. Current cap rate: 7.09% and current GRM: 10.24. The property was built in 1938, offers approximately 2,442 square feet of rental space, and sits on an oversized 8,990 square foot lot with three garages and room for possible ADU development. The front house has been fully remodeled and perfect for an owner-occupant or investor who wants max market rent. The back units have been updated over time and are occupied by nice respectful tenants who are current on rent. The property is easy to maintain and separately metered on PG&E providing for low annual operating expenses.
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Listing courtesy of David Howarth of The Pinza Group, Inc: [IDXCONTACTINFORMATION].