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.
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0BEDS
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0.56ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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.
Based on information from CRISNet MLS as of 2021-01-24T09:56:07.747. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
Based on information from the i-Tech MLS as of 2021-01-24T09:56:07.747. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.