Well maintained 10-unit income property in good location walking distance to Sierra Nevada Brewery, pubs, and restaurants. More importantly, the property offers great cash flow. Here are the actual numbers: $64,800 per year in rents; $17,714 in annual operating expenses; net income of $47,086. At a sales price of $649,900 the CAP rate is 7.25%. You won’t find another multi-unit income property with this high of a return. The property has a low vacancy rate and a tenant waiting list. The property requires little maintenance and offers plenty of off-street parking. The building configuration is as follows: main building has 8 one bedroom units ($500/month each); on the back alley is a one bedroom home ($650/month); also on back alley is a two bedroom home ($750/month). Total of 3 buildings plus a storage shed.
|Lot Size||0.303 Acres|
|Property Type||Residential Income|
|Listing Agent||Michael McCrady|
|Listing Office||Michael McCrady, Broker|
Listed by Michael McCrady of Michael McCrady, Broker. Listing data last updated 10/20/2017 at 10:58 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/15/2017 9:05 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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