Property Detail

Description

Seller is ready to SELL! Carport earthquake retrofit has been completed. Roof is approximately 5 years old and significant plumbing has been completed as needed. Annual Gross Rental Income will be $179,520 once you rent out the two vacant units. Please note current Sect 8 voucher standards are $2,289 for 1 bedroom units and $2,887 for 2 bedroom units. Property consists of 9 units (7) 2 Bdrm/1 Bath and (2) 1Bdrm/1 bath- stable tenants. Value-add opportunity as rents are approximately 35% under market rents. This is terrific opportunity for an investor to reposition this property to achieve ProForma rent of $288,000/annual gross.