Multiple Family Home for sale by owner in Stkn, CA 95202. 12 units apartment, all 1B/1BA (plus 2100sf half window ground floor space potential grocery store or restaurant renting, original 5 studio rooms and bar ballrooms) . Total living area is 7035 sqft. 3 stories. 7490 sf lot. Current total rent= $87768/yr. projected Rent=$93456/yr. Basement also has potential rent of restaurant or grocery store , coin operated laundry room. 80% rent is paid by government. continuing change tenants with government paid senior veterans. Solid income CASH Flow Machine without headache on collecting rent. fully occupied. Down town area is significant senior housing population. New Roof, New floor, new hot water heater,new electrical system. New painting interior and exterior. All upgrading was done within 3 years. No major upgrading will be needed. Lot size 7,500 sqf. Your investment Cap rate will be 10%. while most other cities investment cap rate 2%-5% in California. Have all permit/inspection reports on hand. C
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