Gorgeous duplex with great income and development upside. Current GRM of 14.37 and cap rate of 5.14%. The unit mix consists of one 2bd/1bth unit and one 1bd/1bth unit with stable tenants and strong cash flow. The oversized backyard is flat and is ideal to build legal Accessory Dwelling Unit (ADU) to make it a triplex. Maintenance is low and the units are separately metered for PG&E providing for low annual expenses. Both units have below market rent offering significant rental upside for the next owner. The property was built in 1941, offers approximately 1,366 square feet of living space, and sits on a 6,969 square foot lot. This is an excellent opportunity for an investor or owner occupant to take advantage of new ADU laws and historical low interest rates on a 30-year mortgage.
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