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1885 Chestnut Ave
For Sale $2,200,000
$2,200,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 7,487 Sq Ft
Description
Amazing prime investment in this OPPORTUNITY ZONE. This 8-unit apartment complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Units have been tastefully remodeled to go along with a brand NEW roof install last year in one of the buildings. A 2 bedroom unit will be delivered VACANT & remodeled. There is an onsite community laundry room. The rear has a 4 car garage with access to alley exit that can be converted to ADU's. All tenants are on month-to-month leases and consistently meet their obligations. Huge Rental Upside with 11.46 GRM AND 5.9% CAP. Don't miss out on this smart investment in a sought-after location.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,200,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1944 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7209028007 |
| MLS # | PW24110236 |
| Property ID | 298066368 |
| Lot Sqft | 7,487 |
| Zoning | LBR2N |
| Total Units | 8 |
| Days on Market | 141 |
| Original List Price | $2,200,000 |
| Applicances | Gas Oven% |
| Date Updated | September 10, 2024 |
| Date Created | May 30, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $14,000 | $0 |
| Net Income (Yr) | $ 123,120 |
| Cap Rate | 5.86% |
Listing Provided By
Branden Chhuor an agent of . Lic #01948722
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 10, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT