Description
Three (3) unit, single-story building built in 1956 with four (4) enclosed garage spaces. Offered at a 5.12% cap rate, this property delivers an excellent return from day one, with the ability to increase cash flow by increasing rents to market. The spacious 3 BD/2BA unit is currently rented well below market. All units larger than average featuring one (1), 1BD/1BA, one (1), 2BD/1BA and one (1) 3 BD/2BA with approximately 1,800 SF of living space. The 2 BD/1BA unit can be delivered vacant at the close of escrow. At $268/sq. ft., the property is offered below the average price/sq. ft. for recent comparable sales in the area. Big fenced patio with secure gate shared with the adjacent fourplex. Professionally managed, well maintained, and several units have been recently upgraded. Close to nearby St. Emydius Catholic Church, schools, St Francis Medical Center and the popular Plaza Mexico Shopping Center. The building can be purchased together or separate from the adjacent fourplex located at 3552 Brenton Ave. MLS# SB21006639
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