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344 Hodgson St
For Sale $950,000
$950,000
- 6 Units
- Unknown Sq Ft
- 17,500 Sq Ft
- Unknown Cap Rate
Description
Income producing property 6 units (5, 1-bedroom units, one studio) and 6 separately rented individual garages. Net operating income of 70K (full financials available to qualified buyers). The property is fully rented with high quality tenants - note that listing photos are from before tenants moved in. Current owners have rehabbed and updated the property for efficient management - making it easy for a new owner to step in and take over. Owners are selling their whole portfolio for a career change.
Updates and repositioning done by the current owners:
- Put in all new sidewalks and curbs on all 3 streets and new entry apron by the garages
- Repainted the entire house and repaired the soffit and trim
- Renovated apartments 5 and 6 - separated electric and installed mini splits (heat/ac) and new kitchens with granite counters
- Installed a laundry room with coin operated machines and electronic keypad entry
- Put in a trash pad and communal dumpster
- Removed and stumped dead trees
- All units have separate gas/electric
- Tenants pay for water, sewer and trash
- Moved all tenants to online payments
- Increased the rents to market rate
- High quality tenants - must have 650+ credit score and make 3x the rent in verifiable income.
- No pets in building
- No smoking in building
- Annual rent increases are built into all current leases
Other qualities of the property:
- Main house entry is by electronic key fob only.
- There is a camera surveillance system installed
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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 | $950,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1880 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0608 0099 |
| MLS # | PACT2065166 |
| Property ID | 320446319 |
| Lot Sqft | 17,500 |
| Zoning | R40 APT BLDG(S) 4-19 UNIT |
| Total Units | 6 |
| Days on Market | 209 |
| Original List Price | Unknown |
| Date Updated | August 14, 2024 |
| Date Created | April 30, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Erin Beattie an agent of . Lic #RS344295
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Data last updated: November 25, 2024.
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REAL ESTATE AGENT