Upgraded 24 Unit Multifamily Asset Built in 1956 * Unit Floor Plans Consisting of 1 Bedroom, Studio and Efficiency Units * Numerous Interior & Exterior Upgrades to the Property * 7 Units with New Laminate & Tile Flooring, Granite Countertops, New Kitchen Cabinets, New Fixtures * New Copper Plumbing Throughout - Installed in 2013 * New Dual-Paned, Vinyl Windows, New Exterior Stucco & Window Accent Trim * New Stacked Stone on the Building & New Gates with Stacked Stone Columns and Iron Fencing * Tremendous Rental Upside Potential of Over 20% * Smaller Unit Sizes Equal a Lower Number of Tenants and Thus More Efficient Operating Expenses * 2 Separate Buildings on One Parcel * 18 Gated Parking Spaces * 16 Units are Master Metered for Gas & Electricity - Allows for 5% Total Annual Rent Increases * 2 Laundry Rooms On-Site that Generate Additional Income for the Property - No Soft Story
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