Property History
881 Manhattan Ave is a 4-unit Apartment Building located just backs from the water. This property is uniquely positioned well below the sold and active comparable sales, while generating over $9,100/month in income. A rare opportunity to acquire a building performing at a 5.5% + cap rate upon acquisition.
The 4-units are all comprised of a large 2bed/1ba living areas. Approximately 870 Sq ft units. The property is zoned R3 - with enough lot area to build an additional ADU. The lot offers 4 individual parking spaces with ample parking for the current tenant profile.
GROSS RENT $9,120/MONTH
OWNER ONLY PAYS WATER/TRASH
7,302 SQFT LOT - SPACE FOR ADU
ROOF: COMPOSITION SHINGLES - 2021
CONDITION: ALL UNITS FULLY REMODELED
PARKING 4 Covered SPACES // PARKING 8+ Total SPACES
CONSTRUCTION WOOD FRAME + STUCCO
POSSIBLE ASSUMABLE FINANCING AT 4.75%
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
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