$875,000
Excellent income-producing quadplex ideal for investors or owner-occupants. This well-maintained property offers strong returns with a 8.1% cap rate and an 10.9 GRM, located in a city with no local rent control: over $6500 monthly rental income and potential for much more. The desirable unit mix includes two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Several units feature upgrades such as dual-pane windows, electrical subpanels, interior paint, updated water heaters, and renovated kitchens and bathrooms. Major improvements include a new sewer line to the street, providing added value and peace of mind. Solid cash flow with minimal deferred maintenance makes this a strong long-term investment.
Listed by Qubie Vazquez with Coldwell Banker Realty
MLS Property Type
Residential Income
Property Subtype
Quadruplex
Status
Active
MLS Number
SB26196535
Year Built
1954
Building Size
2,514 sq ft
Units
4
Lot Size
4,056 sq ft
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