Description
Very rare woodbridge 8 total units portfolio sale plus 1900 sqft shop w/office and storage yard all for $ 1.8 million. total current income is $173,400 with a current grm of 10.38! the portfolio includes 4 contiguous parcels totaling just over 1 acre of land. the buildings are as follows (see buildings map & details in attachments) : 1 triplex , 1 duplex, 2 single family homes one is a 3 bdrm 1 bath approximately 1100 sqft with a detached studio unit, and one is a 2 bdrm, 1 ba approx.. 970 sqft. the final building in the portfolio is a large tradesman shop that is approximately 1900 sqft with a office and large door that opens to accommodate larger items. the shop also has a large fence in storage yard. that can easily accommodate more than a dozen vehicles or storage for a business or the new owner. (see attachments for a current rent roll and market rent report that suggests plenty of additional upside potential) on the rent roll we have penciled in $1000 a month for the shop since the seller is willing to rent back for 6 months, but it was previously rented at $2500 a month. at full market rents for all units and the shop we see an annual gross income of over $200,000 per year and a grm in the high 8's!
Property Type
ResidentialIncomeCounty
San JoaquinStyle
ResidentialIncomeAD ID
46073575
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BuyOwner last updated this listing 11/22/2024 @ 06:01
- MLS: 224046397
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: MLS Metrolist
is a Home, with bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.