Description
Very RARE OPPORTUNITY for investor looking for multi units. Incredible housing 'compound' with yards and parking for every unit. Gross and Net income does NOT INCLUDE income from additional units or increase in rents. BONUS! APPROVED PLANS FOR 2 ADU UNITS NOT INCLUDED IN THE 4 PLEX. ( ONE (1) BEDROOM AND ONE STUDIO.) Original main home, where the family grew up, is 3 bedrooms, 2 bath with living room and large family room 1897 sq. ft. Large back yard. Behind the main house on a huge lot there is a additional duplex with two additional double car garages. Each of these are2 bedroom 1 bath, 785 sq. ft. The one bedroom, one bath unit is 437 sq. ft. an has a large, double carport. Each unit has their own yard. New water supply lines and roofs. PLENTY OF PARKING on the property! Current tenants are on month to month and are all long term tenants. There are no current leases in place. Rents have not been raised in years and are: Front house, 3 bed, 2 bath: single car garage: $1860.00 monthly. Duplex unit 1: 2 bedrooms, 1 bath, 2 car garage, $1006.32. Duplex unit 2: 2 bedrooms, 1 bath, 2 car garage $1250.00. Unit 4: 1 bedroom, 1 bath with double car port: $750.00. Projected rent for planned and approved ADU units when built out is an additional $3,000.00. monthly.Current cap rate does not include the projected rents if buyer builds out the approved ADU and Junior ADU unit in the existing building that is on the property.
Map
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