Residential Income Details
SVN | Vanguard is pleased to present The Northpark Villas. This beautiful 6-unit multifamily residential property consists of two buildings, each with 3 two bedroom / one bath units. Ceiling fans installed in living rooms, kitchens and bedrooms. Pitched rooms with new insulation and attic venting. New counter tops in the kitchens and bathrooms. Newly landscaped grounds require little maintenance and maintain the neighborhood's natural aesthetics. Private front patios and back yards round out the amenities.
The Monte Vista neighborhood is a mix of very old homes, and newer apartment/condo properties. As a result of completely modernizing the interior of each unit, and due to the high demand for rental units in this neighborhood, Northpark Villas can command artificially high rents when compared to the size and age of each unit.
This six-unit property will be an excellent investment opportunity for investors who are looking for both long and short term investment horizons. Due to its strong demographic area, the new owner will be able to add value through aggressive management with rental increases to achieve over five percent return within short period of time.
|Number of Units||6|
|Sale Type||Third Party Approval|
|Listing Brokerage||SVN / Vanguard|
|Listing Agent||Cameron Irons|
|Listing Agent BRE #||01176224|
Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, July 18, 2017.
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