Description
Seller Financing available---upto $400000 on reasonable termsInvestment Opportunity - Multi-Unit Property with Value-Add PotentialThis property presents an excellent opportunity for contractors, investors, or developers. Due to the current condition, the only financing available is cash or a hard money renovation loan.The property consists of three separate buildings:Two duplexes (4 units total) - unaffected by fire damage.One triplex (3 units total) - one unit on the second floor sustained fire damage. The other second-floor one-bedroom unit remains habitable per the City. The first floor features a studio unit and garages, which may have some fire damage.Summary of units:7 total units: 6 are 1 bed / 1 bath, and 1 is a studio.Only 1 unit is fire-damaged.Studio and garages may have water damagesPG&E has restored electricity to one unit in the triplex.The 4 duplex units need some electrical repairs from the main line.Prior to the fire, all units were rented and had passed Section 8 inspections.Income potential:Gross monthly income before fire: $8,516Gross annual income before fire: $102,192Additional features:Newer roof on both duplexes.Easy access to freeways, shopping, parks, and public transit.A few tenants remain in the duplexes, and one tenant remains in the triplex.With repairs and renovation, this property can be restored to a strong cash-flowing asset and a valuable addition to your portfolio.
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7BEDS
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0.15ACRES
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7BATHS
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01/2 BATHS
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3,220SQFT
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$171$/SQFT
School Information
Description
Seller Financing available---upto $400000 on reasonable termsInvestment Opportunity - Multi-Unit Property with Value-Add PotentialThis property presents an excellent opportunity for contractors, investors, or developers. Due to the current condition, the only financing available is cash or a hard money renovation loan.The property consists of three separate buildings:Two duplexes (4 units total) - unaffected by fire damage.One triplex (3 units total) - one unit on the second floor sustained fire damage. The other second-floor one-bedroom unit remains habitable per the City. The first floor features a studio unit and garages, which may have some fire damage.Summary of units:7 total units: 6 are 1 bed / 1 bath, and 1 is a studio.Only 1 unit is fire-damaged.Studio and garages may have water damagesPG&E has restored electricity to one unit in the triplex.The 4 duplex units need some electrical repairs from the main line.Prior to the fire, all units were rented and had passed Section 8 inspections.Income potential:Gross monthly income before fire: $8,516Gross annual income before fire: $102,192Additional features:Newer roof on both duplexes.Easy access to freeways, shopping, parks, and public transit.A few tenants remain in the duplexes, and one tenant remains in the triplex.With repairs and renovation, this property can be restored to a strong cash-flowing asset and a valuable addition to your portfolio.
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