The property boasts a phenomenal unit mix of 7 studios, 7 one bedroom/one bath units, and one 1+1 single family home. Common area amenities include an oversized parking lot, laundry room, and an abundance of open landscaped common area. A prime location and true value add deal is being offered at $3,450,000. Currently a 4.67% cap rate and a GRM of 14.65 with a pro forma cap rate of 6.92% and a GRM of 10.85. Three units will be delivered vacant including a private single family home. The rental income is approximately 35% below fair market value.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
