8 units (5-2 bedrooms, 1-1 bedroom and a studio) including a 3 beds/1 bath 1,300 sq.ft houseThe units have many upgrades including flooring, paint, appliances, and plumbing. A newer roof, vinyl windows and exterior paint.The house has been rebuilt to the studs by Yonker Construction. There is a private well that saves $6000/year in city water bills.Highly desirable convenient location. Walk to Whole Foods, several restaurants and the beach. Near Ski Run bus line to Heavenly.Rarely any vacancy.This is a 7% CAP value property. The nearest competitor on the local market is a 6% CAP property. If this property was valued at 6% CAP, the sales price would be $1,611,000. It's about a $230,000 discount to the market that will provide for additional cash flow or for future repairs and upgrades.
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