Excellent Cash Flowing Opportunity, Built-in 1991! Fantastic unit mix of 5 X 3 bedroom units. Unit #1 is a townhome style with 2 floors, fully occupied, Actual Gross Operating income $158,700, GRM 10 & Cap rate of 7 % with additional 30 % rental upside per section 8 chart rate of $3465 for 3 bedroom units. There is a Laundry room on site which has not been operating for additional income, Each unit individually metered, Property offers Large lot size of 10,512 +/- Sq. Ft. with 10 tandem parking spaces as well as common area space in the rear of the property, which can be utilized for 2 ADU UNITS Development. This property offers it all together, Great cash on cash return, Rental Upside, and Value add all in one. Immediate rent increase as soon as moratorium ends.
Based on information from CRISNet MLS all data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Updated: 24th September, 2023 1:55 PM (UTC)