Multi-family building, 1 bed 3 baths, 7,492 sf lot
Unit #1: Studio, 1 bath, $489/mo
Unit #2: 1 bed, 1 bath, $591/mo
Unit #3: Studio, 1 bath, $525/mo
Outstanding Investment Opportunity. Low low rents. Average rent/unit is $507.00. 8.65 GRM at current rents and 6.52 GRM at market rents. One of the lowest cost per unit in the city at $52,639. The property is separately metered for gas and electrity and has security entry. As an added benefit there are no laundry facilities on the property and a buyer can add laundry facilities for added income. The property consists of 29-singles and 6-1 bedroom units and 1-bachelor. 1 unit is non-conforming
- Built 1910
- Units: 36
- Disclosures: exclusions call agt
- Rent control
- Roof: composition
- Tenant pays for: electricity
Listed by Lawrence Cannizzaro, Beitler Commercial Realty ServCLAW #04061522APN: #5141019012
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