Listed by Coldwell Banker College Real Estate
$567,600
N Locust Street
Details
APN H4100008000002
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,732
Year Built 1944
Acreage 0.122
Multifamily
Marketing description
Back on the market after buyer requested vacancy for personal use. Leases are secured through the 27/28 school year. High-performing, fully leased investment with proven income and upside. Triplex permitted for 8 occupants, currently configured as a 6BR/3BA with 3 kitchens and leased as a single unit. Strong rent history: $49,800 for 2025/26 & 2026/27 with 2027/28 secured at $51,600. Oversized layout offers clear potential to increase bedroom count and boost returns. Detached garage converted into a fully insulated rec space, a standout amenity that consistently drives tenant demand. Private outdoor setting with patio and deck enhances appeal. Major capital improvements include new roof, HVAC, and tankless water heater. Shared laundry. Turnkey asset with future value-add potential.
Listing Contacts
Listed by Coldwell Banker College Real Estate
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