Description

Fantastic 4plex/ (actually 4 condo's with 4 separate apn's) . this could be a very easy value add since the 4 individual condo's should be worth considerably more than the fourplex. these units boast a great current gross rental income of $69,060 with a current grm of 10.84! there is still plenty of upside potential using the rentometer 50% rent in the area the rent should be closer to $76,992 (report attached). at marker rents the grm would be 9.72. all these units were updated about 4 years ago. our pictures are for 3 of the 4 units. we will be getting pictures soon of unit #1 soon. units 2 & # are in fair/average condition with normal wear and tear. unit # 4 is in good condition with minor cosmetic defects. these units are located in the professionally managed hoa (whispering woods). all units are 2 bedrooms and 1 bath, central heat and air, shared garage spaces, onsite laundry, & courtesy patrol. all units have access to the community pool. hoa covers landscaping, security, pool, common areas, and wall-out insurance. all must be purchased as a package with a concurrent close. due to these being 4 individual single family parcels this portfolio may not be subject to rent control. buyer to verify themselves.

• Property Type

  ResidentialIncome

• County

  Stanislaus

• Style

  ResidentialIncome

• AD ID

  48419618