R.R.G.,LLC
Listed by R.R.G.,LLC
$3,990,000
1240 14th St
Details
APN 02-32-33-018-0010
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 13,300
Year Built 1958
Buildings 1
Stories 2
Lot Size (SqFt) 9,750
Zoning 3900
Multifamily
Marketing description
PRIME CORNER LOT | 12-UNIT MULTIFAMILY | 100% OCCUPIED | VALUE-ADD OPPORTUNITY
This is a rare opportunity to acquire a stabilized, income-producing asset with immediate cash flow and a clear path to forced appreciation through organic rent growth. 12 Total Units:
· Unit Mix: 10 x 1BD/1BA | 2 x 2BD/2BA
· Total Building Size: 13,300 SF
· Occupancy: 100%
· Onsite Parking
· Below-Market Rents | Strong Value-Add Upside
· Corner Lot | High Visibility Location
100% occupancy demonstrates the property’s consistent desirability and the strength of local rental demand. Current rents remain below market, presenting a clear value-add opportunity for an investor to execute a strategic rent repositioning strategy and unlock meaningful upside in NOI and overall asset value.
Listing Contacts
R.R.G.,LLC
Listed by R.R.G.,LLC
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