New roof November 2021. Below-market rents with imminent upside to market rents in downtown Fortuna. Rents on track to raise from $660 to $900/unit ($54K annually; market rent per existing property management company). Fully separately metered; possible subdivision (investigate with City). Excellent rental history. Low-maintenance, bright, desirable units with interior arches, charming built-ins, laundry income, new picnic table in central courtyard. All kitchens face central courtyard; exterior door leads to courtyard. Well-maintained by same property management company since acquired. Walk to middle and high schools, parks, shopping, downtown life, bus line. Close to freeway, Humboldt State University and the Community College. On-site shared laundry provides extra income. Proforma year is 2022-23. First time on the market in 16 years.
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