Description

PROPERTY HIGHLIGHTS

Asking Price: $950,000

Unit Mix
- (4) Oversized 1-Bed/1-Bath Units (Approx. 750 SqFt) – Extra Room With Closet Can Serve as 2nd Bedroom
- (2) 1-Bed/1-Bath Units (Approx. 600 SqFt)
Tenants Enjoy (4) Onsite Garages & (6) Onsite Open-Space Parking Spots
Desirable Corner Lot Location
Unique Spanish Style Architecture
Tenants on 2nd Floor Enjoy Individual Private Balconies
HUGE 60% Upside in Rental Income!
- True Value-Add Opportunity!
Current Cap Rate: 4.86% | Current GRM: 12.77
ProForma Cap Rate: 9.44% | ProForma GRM: 7.97