Large 4-unit apartment complex consisting of four 2bd/1bth units with solid cash flow and excellent rental upside. 6.75% cap rate and 10.11 on current rents! The property offers 3,340 square feet of rental spaces and sits on a large 5,495 square foot lot that offers 6+ parking spaces and room to potentially build an Accessory Dwelling Unit (ADU). The current owner recently addressed all deferred maintenance and spent over $25,000 on capital improvements to deliver a turn-key investment for the next owner. The roof is relatively new and the electrical system and foundation have both been upgraded. Maintenance and repairs are low, and all units are separately metered for PG&E providing for low annual expenses. The units have spacious floor plans, classic details, hardwood floors and great light. The property is located adjacent to the Fairfax Business District in close proximity to restaurants, shopping, public transportation, and multiple BART stations.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
