Seven units priced at only a 12.9GRM and 5.9% Cap Rate! The building consists of 6 two-bedrooms, and a one-bedroom that is unwarranted, but has approved permits for legalization. The sellers have made many recent improvements, including remodeling of three of the two-bedrooms. Two other two-bedroom units and the one-bedroom will be delivered vacant and ready to be remodeled.
Other improvements are new exterior paint, new sewer lateral, and new plumbing. Plans and permits approved for both soft-story and legalization of 7th unit. There is large space at the ground level that can be converted to storage. Units separately metered for gas and electric. Excellent cash-flow and add-value opportunity.