Motivated seller, priced for quick sale. Almost 150k Pro-forma rent and 7.2 CAP. 9.38 GRM. 8 units in two 4-plexes. Each unit is 2 bed/1 bath. Huge half-acre lot with the possibility to add more units with access from Traction Ave. 8 units are completely remodeled with new luxury vinyl plank flooring, new doors, new appliances, new paint, remodeled bathrooms. All new exterior paint. The roof has been replaced in 2012. All units have dual pane windows. The property is completely gated. 16 parking spaces.
8 units rented.
Each building has a separate water meter. Potential subdivision of the lot into 2 regular 4plexes and resale as Non commercial or add ADUs in the back. Located in economic opportunity zone.
Close to downtown, parks, schools, and shopping.