Description
Excellent turn-key investment. A great opportunity to own 4 darling & desirable detached cottages on one lot, centrally located on a quiet street near shopping, restaurants & downtown. 3226,3228 & 3230 W Street are all cute 1 bedroom, 1 full bath cottages with lots of character and charm. Each property features a comfortable living room, spacious kitchen, and inside laundry hook-ups. 3226 is located over the 3-car garage and features 2 bedrooms & 1 full bath. Garage spaces are offered to the tenants to rent for additional income. Tenants pay gas & electricity. Close to everything; UC Davis Medical Center, downtown, award winning schools, shopping, parks & freeway access. PLEASE DO NOT DISTURB THE TENANTs. Tenants are on Month-to-Month leases. Tenants pay separately metered gas & electricity. Rents are $1,300, $1,321, $1,595, and $1,695 per month. In addition to rents, tenants also pay a total of $224, combined per month, toward sewer/water/garbage. Total monthly income is $6,135. Total annual income is $73,620. GRM is 16.3 and 6.14% Cap Rate. A fantastic investment opportunity with lots of potential.
Location
Similar Listings
MLS# 224017195
PENDING
$1,150,000
Listing Office: Arriaga Real Estate
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Data maintained by MetroList® may not reflect all real estate activity in the market. All information has been provided by seller/other sources and has not been verified by broker. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. All interested persons should independently verify the accuracy of all information. All real estate advertising placed by anyone through this service for real properties in the United States is subject to the US Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination." This service will not knowingly accept any advertisement for real estate which is in violation of the law. Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis. Updated: 29th April, 2024 2:10 AM (UTC)
Data maintained by MetroList® may not reflect all real estate activity in the market. All information has been provided by seller/other sources and has not been verified by broker. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. All interested persons should independently verify the accuracy of all information. All real estate advertising placed by anyone through this service for real properties in the United States is subject to the US Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination." This service will not knowingly accept any advertisement for real estate which is in violation of the law. Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis. Updated: 29th April, 2024 2:10 AM (UTC)
