Seven units priced at only a 12.9GRM and 6.0% Cap Rate! The building consists of 6 two-bedrooms, and a one-bedroom that is unwarranted, but has approved permits for legalization. The sellers have made many recent improvements, including remodeling of three of the two-bedrooms. Two other two-bedroom units and the one-bedroom will be delivered vacant and ready to be remodeled. Other improvements are new exterior paint, new sewer lateral, and new plumbing. Plans and permits approved for both soft-story and legalization of 7th unit. There is large space at the ground level that can be converted to storage. Units separately metered for gas and electric. Excellent cash-flow and add-value opportunity.
|Act Cont-Show (from Active)||–||–|
|Price Increased||$3,295,000||$100,000 (3.13%)|
|Price Reduced (from $3,295,000)||$3,195,000||$100,000 (3.03%)|
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