Great income property. Well maintained 4-plex,with newer roof, gutters and security lights. Every unit has been upgraded with countertops, sinks, faucets, flooring and window shades. A remodeled laundry room at 281 Percy with newer plumbing for 4 washers and 4 dryers which brings in owner of 277/281 Percy properties an additional income used through lease at half washer/dryer capacity of approx $275/month or $3300/year. New owner could make $500/month laundry income if used at full capacity and equipment was bought. Total gross income of 277 Percy without laundry income is approx $36,240. This includes an onsite property manager that collects and sends rent and arranges access for repairs. All of this located close to downtown Yuba City and Medical Buildings.Landlord only pays monthly expenses of approx: garbage $123, water $241 and laundry room at 281 Percy electrical $50. Yearly sears stove appliance plan of approx $275 for all four units. Owner has invested $20k per year in 10 of the last 16 years in mostly upgrades and some repairs on 277 and 281 Percy. Total utility yearly expenses is approx $2892. 277 Percy and 281 Percy must both be sold together to the same buyer and close at the same time for a 1031 exchange set up at Old Republic Title Company in Yuba City.
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