Listed by Virtual Properties Realty
$169,900
SECTION 8 INCOME $1408
Details
APN 14-0179-0006-018-2
Property Type Multifamily
Sub Type Apartment Building
Units 1
Cap Rate 10.00%
NOI $14,996
Class B
Year Built 1955
Stories 1
Acreage 0.400
Section 8 income pays $1408
Marketing description
Recently Remodel Fantastic Turn Key Investment Opportunity! Very nice low maintenance 1 story ranch is fully renovated and rented. $1408 per month thru 3/2026. New Roof Installed Completely updated kitchens with new cabinetry, countertops, and appliances 4 years ago. Bathrooms have been fully updated.
Automatic payment 1st of the month -Forever investment package you have been looking for! Tenant Pays All utilities Private: tenant occupied. Showing during due diligence period. No HOA. Excellent Opportunity to hold for awhile receiving Section 8 Income- when tenant vacates redo kitchen and flooring and sell it for $340,000. Needs no repair-no money to remain a Section 8 Rental. INSTANT INCOME
Investment highlights
- Unit Available Date09/03/2025
- Unit Deposit Amount $850.00
- Unit Rent Amount $1,408.00
- Unit Bedrooms3
- Unit Full Baths1
- Unit Half Baths0
- Unit Occupant Tenant Occupies
- Unit Electric Included No
- Unit Garbage Included No
- Unit Gas Included No
- Unit Maintenance Included No
- Unit Water Included No
- Unit Features Central Air, Deck
- Annual Expenses $$300
- Gross Income $$16,896
- N.O.I. $$14,026
- Original List Price $205,000
Listing Contacts
Listed by Virtual Properties Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$14,996.00
$1,249.67/mo
Valuation Metrics
0
DSCR
8.83%
Cap Rate
8.83%
ROI
Map
Zoning
R-4A ResidentialSingle FamilySingle Family Residential
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View all 35 uses
View all 35 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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