1050 N Bates

Description

For Sale; 1050 N. Bates Apartments #1-8; An 8 - Plex apartment complex built in 1972 consisting of Four 1 bedroom / 1 bathroom units and Four 2 bedroom / 1 bathroom units, totaling 5,976 square feet. Each unit has separate PG&E electrical meters and separate gas meters. One water meter for the 8 units. Currently tenants pay electrical and gas and the owner pays for the water, trash and the PG&E bill for the laundry room and common area lighting. Common areas include a laundry room for the complex, front yard, and carport (8 carport spaces). Coin-op machines in laundry room are owned by a 3rd party, they would be interested to an agreement to keep the machines there and would provide service and rent. All refrigerators are tenant owned. Each unit is currently rented on a month to month contract. Rents have potential to be increased. To schedule a showing, an offer must be submitted subject to viewing the units/property. Do not disturb tenants or enter the property without an appointment. Please feel free to contact the listing agents with any questions you may have.