Residential Income Details
First time on the market in over 15 years and ownership has never aggressively raised rents. Built in 1953, the Freeman Apartments Features 5 single-story units comprised of (5) 1 Bed / 1 Bath units, (3) on-site garages & leased coin operated laundry (month to month). Huge value add opportunity with roughly 44% upside in rents and a market cap rate of 6.63%.
|Number of Units||5|
|Listing Brokerage||Nationwide Real Estate Execs|
|Listing Agent||Andrew McAllister|
|Listing Agent BRE #||01946829|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, May 31, 2018.
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