Residential Income Details
The owner of this beautiful 4-Unit apartment building on 41st Street and Broadway has operated a very clean building and has already added value to two of the four units. The seller has completed considerable renovations to both units #1 and #4 with upgrades totaling $26,000 for each unit. Those upgrades include laminate flooring throughout, granite counter tops, brand new cabinets and stainless-steel appliances. Units #2 and #3 still offer an investor the ability to add value, and later bring rents to market. With a roof that does not need to be replaced, copper plumbing throughout, brand new windows for the entire property - a new investor has the opportunity to concentrate their capital expenditure on units #2 and #3 where an increase in rents can be achieved.
|Number of Units||4|
|Listing Brokerage||Matthews Retail Group, Inc.|
|Listing Agent||David Harrington|
|Listing Agent BRE #||01320460|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, July 13, 2018.
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