Re/Max Commercial & Investment
Listed by Re/Max Commercial & Investment
$925,000
3846 S Gramercy Place
Details
APN 5035026017
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 3.76%
Buildings 1
Acreage 0.078
Zoning Public Rec
Multifamily | 3.76% CAP | 4 Units
Marketing description
Discover a prime investment opportunity at 3846 S Gramercy Place. This four-plex features spacious one-bedroom layouts, including the highly coveted tenant conveniences of in-unit laundry, ground level porches, and second-story enclosed verandas. The property will be delivered with one rent-ready vacant unit, providing the perfect setup for an owner-occupier or an investor ready to capture immediate market-rate rent. With the remaining units currently below market, the new owner is positioned for significant long-term rent growth and appreciation, even without immediate major renovations. Gramercy Place delivers with a garage plus additional driveway spaces. Whether you are looking for a stable addition to your portfolio or a home-plus-income, this property offers a blend of immediate utility and future upside.
Listing Contacts
Re/Max Commercial & Investment
Listed by Re/Max Commercial & Investment
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