Property Detail

Description

Looking for refuge from the stock market volatility? This is an ideal 3 unit investment opportunity in college east, with plans ready to permit for 4th unit and zoning for more! Beautiful 1940 Spanish Home with 2 back units. Plans drawn for 4th 2bd/1ba unit to be built with 2 car garage at back! Updated in 2018 - beautiful kitchens, baths and vinyl flooring in all units. Large lot of nearly 8000sf. Front home was rented in 2023 for $3590/mo lease expires 9/2025. 1bd units have 6 mo leases expiring 10/2025. Total current rents of $7530/mo! Landlord pays water, and $100 for smaller unit's utilities. This is also an ideal owner occupied opportunity to live in front home and receive rents from back units. Each unit has private fenced patio area and own washer/dryer. Back units share 5+ alley parking spaces! Proposed 4th unit is 950sf plus 2 car garage over alley way with carports for 3 more - plans and surveys to convey to new owner. New zoning may permit up to 6 units. Newer roofs on all units in 2018 are reflective white coating. Huge opportunity !