Listed by Avanti Way Commercial
$699,000
RICHARDS FIRST
Details
APN 08-21-28-018-0050
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 6,030
Units 4
Year Built 1971
Zoning 4400
Parking Spaces 7 spaces
Parking per 1,000 SqFt 1.16
Multifamily | 4 Units
Marketing description
Attention Investors!Excellent opportunity. Fourplex in good condition.4 units 1/1. Laundry in each unit. large space to park cars.Separate electric and WATER meters..AC in 3 units. This multi-family includes a new roof with warranty, upgrades in several units Great income.Actual cap rate 9,7%. One of the units is SECTION 8, the increase of $1,814 per month is approved. 3 REMODELED UNITS, RECENT APPAISAL 740,000 FHA.The property has Impact windows. The neighborhood already has approved permits for future building developments, making this a strategic acquisition with strong upside potential. This property not only provides immediate rental income,is also positioned in a zone undergoing significant expansion, increasing the value of the land and future rental income potential. NO DISTURB TENANTS
Listing Contacts
Listed by Avanti Way Commercial
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