Property Detail

Description

Great Starter Opportunity! Live upstairs (fully-renovated 3 BR/2 BA) and easily lease/self-manage the 2 downstairs units w/ high-quality tenants. Build equity today while living in comfort, with proven rental income from 2 Very-Easy-To-Manage Units. Put 35% Down, Finance 65% at 5.75% (Multi-Family Financing). Monthly Payment: $6,440.89. Collect $2,170 (1 BR) + $3,045 (2 BR) from 2 Ground Floor Units ($5,215/Month) While Living in a Renovated, Sun-Drenched 3 BR/2 BA House. Deduct $5,215 (Rent Collected) from Mortgage ($6,440.89). Net Monthly Payment (to Live in the Upstairs 3 BR/2 BA): $1,225.89/Month. Day 1 CAP Rate: 5.03% / Pro-Forma CAP: 5.61%. All 3 Units (House & 2 Ground Floor Units) Completely Renovated by Licensed Contractors in 2018 and 2019. New Electrical, New Copper Plumbing, New Furnaces, New Kitchens, New Baths, New Tuff-Sheds in Backyard for Extra Storage. (1-Storage Per Unit). All 3 Units Consistently Rented for: $4,695+ (3 BR), $2,200+ (1 BR) and $3,200+ (2 BR) with Driveway Parking for each unit. Tenants Pay All Utilities (Water, Garbage, PG & E) Easy Access to Genentech and the Epicenter of Biotech/Life-Sciences Companies, as well as Kaiser, SF Airport, and other Silicon Valley Companies. 10-15 Minutes from Downtown San Francisco w/ Easy Access to 101 and 280.