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2112 35th Ave
For Sale $1,295,000
$1,295,000
- 7 Units
- Unknown Sq Ft
- 6,708 Sq Ft
- Unknown Cap Rate
Description
www.211235thave.com; 7-unit apartment complex featuring Three 2bd/1bth units and four 1bd/1bth units with market rate tenants and excellent long-term upside. The current cap rate is 7.18% and the current GRM is 9.46. The property was originally built in 1961, offers approximately 4,850 square feet of rental space, and sits on a 6,708 square foot lot with four garages, and multiple off-street parking spaces. The units have all been remodeled over time and offer newer kitchens and bathrooms, wood floors, double pane windows, countertops, custom molding, a newer roof, and more. The property is easy to manage and is separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in great condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. Currently there are two vacant units making this perfect for an owner-occupant or an investor looking to lease at a top market rate.
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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 | $1,295,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 4 spots |
| Year Built | 1961 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 3221122 |
| MLS # | 41074419 |
| Property ID | 320885004 |
| Lot Sqft | 6,708 |
| Zoning | Unknown |
| Total Units | 7 |
| Days on Market | 68 |
| Original List Price | $1,295,000 |
| Date Updated | October 02, 2024 |
| Date Created | September 25, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
David Howarth an agent of . Lic #01360348
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of October 02, 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