Commercial Asset Advisors
Listed by Commercial Asset Advisors
$2,000,000
4010-4016 Illinois Street
Details
APN 4463811800
Property Type Multifamily
Sub Type Apartment Building
Square Footage 200
Units 6
Cap Rate 4.82%
Class B
Year Built 1945
Buildings 2
Stories 2
Acreage 0.161
Value Add Multi-Family. 4 of 6 Units Vacant
Marketing description
Six-unit multifamily consisting of four (4) one-bedroom/one-bath units, one (1) larger one-bedroom/one-bath unit with a private balcony, and one (1) detached three-bedroom/one-bath house at the front of the property. Recent improvements include dual-pane windows, partial ABS sewer line upgrades, new electrical subpanels, and balconies that have passed SB-721 inspection requirements. Additional features include two single-car garages, two carport spaces, three storage closets, and an approximately 200 square foot storage shed, offering potential additional storage and parking options. PLEASE DO NOT DISTRUB TENANTS!
Investment highlights
- Desirable North Park Location
- Walkability Score of 97
- Detached Three Bed House
- ABS Plumbing & New Electric Panel
- Dual Pane Windows
- Mature Landscaping
- Parking: Two single-car garages, Two carport spaces, Two tandem spaces
- Current Achievable Cap Rate 4.89%
- Renovated Cap Rate 6.72%
- North park’s craft brewery, tasting room, and cocktail lounge scene is unmatched
- World class restaurants to simple taco stands & everything in between
- the north park art scene is thriving
- Flourishing boutique shopping, arts, apparel, farmers market and more
- Busy and popular north park community events.
Listing Contacts
Commercial Asset Advisors
Listed by Commercial Asset Advisors
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