Description

Outstanding five-unit investment property presents an incredible opportunity for investors seeking strong cash flow and significant upside potential. Priced at an 8% cap rate with a 9.12 Gross Rent Multiplier (GRM), this asset offers immediate income with the potential to reach a 10.39% cap rate and a 7.44 GRM by turning the front house and adding a bedroom making it a 3+1. *Key Features* *Diverse Unit Mix: The property consists of two upgraded units, two brand-new ADUs, and one single-family residence (SFR), providing a well-balanced and attractive rental offering. *Perfect for an owner-occupy opportunity. *Strong Market Fundamentals: Located in a desirable area with high rental demand, this property benefits from a stable tenant base and potential for future appreciation. *Upside Potential: By turning the front house investors can achieve a higher return, pushing the cap rate to 9.85%. *Investment Summary* -Cap Rate (Current): 8% -Cap Rate (Pro Forma): 10.39%-GRM (Current): 9.12 -GRM (Pro Forma): 7.44 -Pre Tax Cash Flow: 10.23% -Average Annual Return (over 5 years): 17.99%. ***Please contact us for more information***