Description
Where else can you earn a 5.78% Cap Rate on Existing Income & Expenses IN TOWN?? Rarely available neighborhood with excellent return. Clean, well-positioned building with easy access to the freeway in all directions. Seasoned, stable income from long-term tenants with well-tended plants make this building extremely welcoming, warm, and easy to rent. Brand new paint and spacious units with nice layout. Legal, non-conforming use means you can get a loan on all 8 units. Hollow tile construction, all tenants are separately metered for electric, one water meter. One renovated unit now renting for $1700, so potential income is greater than stated, 1 parking stall is tandem.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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3,224SQFT
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$628$/SQFT
School Ratings & Info
Description
Where else can you earn a 5.78% Cap Rate on Existing Income & Expenses IN TOWN?? Rarely available neighborhood with excellent return. Clean, well-positioned building with easy access to the freeway in all directions. Seasoned, stable income from long-term tenants with well-tended plants make this building extremely welcoming, warm, and easy to rent. Brand new paint and spacious units with nice layout. Legal, non-conforming use means you can get a loan on all 8 units. Hollow tile construction, all tenants are separately metered for electric, one water meter. One renovated unit now renting for $1700, so potential income is greater than stated, 1 parking stall is tandem.
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