Multifamily For Sale

Overview

Highlights

• 7.36%+ market cap rate.
• Non- rent controlled market.
• All 2 bedroom, 1 bath units.
• Average rent is $1,921 for 2 bed, 1 bath in San Pablo.
• Loss-to-lease amount: $24,120/ annually.
• 2nd floor tenants have partial bay views.
• Seller owns coin-laundry and is included in sale.
• All units are clean and require minimal updates.
• Each tenant has covered parking plus storage space.
• Property is individually metered for PG&E.

Description

NAI Northern California Ethan Berger Team welcomes the sale of this 4 unit multifamily property. The second one which is located in San Pablo, CA. This property contains all 2 bedroom, 1 bathroom units with partial bay views. There is major upside in this property and minimal interior deferred maintenance. Each tenant has their own storage space, tandem parking and share coin operated laundry. This property is ready for the creation of immediate upside which could stabilize over a 7.13% cap rate. NON-RENT CONROL.

Location

TBD

Contact Broker