$900,000
Great investment opportunity, this turnkey 5-unit apartments two buildings is a cash flowing investment the first day you purchase, all unit's mix are 2BR/1BA, approximately 952 sqft. (Great mix for long term tenants) All leases are one year after some expiring this year, allowing for prompt rent adjustments upon ownership transfer. Tenants pay for their own Water, Sewer, Trash, electricity and gas, three ground-level floors and two upstairs units; all units have central air conditioning, 4 of the 5 have updated kitchen cabinets and countertops, durable tile roof, very quiet and private street. monthly yearly rental income: $85,200. current cap rate at 7% Plus, Yearly expenses including taxes, insurance, maintenance, and utilities* very stable rent demand. For any further questions, contact the listing agent.
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Listed by David Flores with Realty World Dominion (408) 980-5202
Property Type
Commercial Sale
Status
Active
MLS Number
ML82049227
Year Built
1978
Lot Size
10,868 sq ft