**Off Market Property**

MULTI-FAMILY: 4 UNIT 🏘

PROPERTY DETAILS: 🏠

7 Bed || 4 Ba || 3,876 sqft || 1938 Built

✅ Positive Cash flow

✅ Location advantage ~ 10 Min from Downtown

✅ Value Add opportunity

✅ Tax Advantages

MAIN BUILDING (2 UNITS)

UNIT #A:

2 bed / 1 ba - 1,344 sq ft

LEASE EXPIRES: 5/31/24

• renting since May 2017

RENT: $1125

Landlord Pays for water 

UNIT #B:

2 bed / 1 ba - 1,344 sq ft

LEASE EXPIRES: 1/31/25

• renting since Jan 2019

RENT: $1,250

Landlord Pays for water 

BACK BUILDING (2 UNITS)

UNIT #C: - UPSTAIRS

2 bed / 1 ba - 792 sq ft

RENT: $935

LEASE EXPIRATION: 4/30/24

• renting for over 13 years

Landlord pays for water and utilities 

UNIT #D: - DOWNSTAIRS

1 bed / 1 ba - 396 Sq ft

Lease Expires: 1/2/25

Rent: $725

Tenant pays all utilities & water

COMPS:(In attachments)

ARV: $600K - $700K

**Comps are 3 units NOT 4 units**--Analysis is based on Price per door

• $175k / per door if FULL rehabbed- based on sold comps
• Depends if buyer plans to keep in current condition with tenants paying current retail price

REHAB ESTIMATE: $40K - $70K

MARKET RENTS:

• 1 bed / 1ba - $800 (small unit - Back House)
• 2 bed / 1ba - $1,000 - $1,100 (Unit C - Back house)
• 2 bed / 1ba - $1,195 - $1,300 - Main House (2 units)

PHOTOS:

https://drive.google.com/drive/folders/1CxptRQLbR6EhkuzhvsCxOYxms-7ETWbd?usp=sharing 

3D VIDEO TOUR:

https://my.matterport.com/show/?m=sR4A3Qbe8rN&brand=0

Avoid all the negotiating and buy it now for $377,000

by clicking the "WIN IT NOW" button below.

CLOSING DETAILS ✅ 

**THIS IS AN ASSIGNMENT

$5k Nonrefundable deposit 

Buyer to pay all closing costs and HOA Resale Certificate (If Required)

TITLE/ ESCROW COMPANY: TBD

BUYERS ARE REQUESTED TO DO THEIR OWN DUE DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.

Please reach out if you have any questions or need more information.

Showings by appointment only

Cash Offers, Hard Money, or Private Money ONLY!