Description

An exceptional residential income opportunity featuring a strong cash flow and high cap rate of 6.5%. Currently receiving $9570 a month in rent, this well-maintained 4-unit property, offers an attractive setup for investors seeking immediate returns. Originally a single-family residence, the property has been thoughtfully expanded and improved. It now includes a detached ADU built in 2019 (fully permitted), consisting of two 1-bedroom, 1-bath units 450 sq ft each, with their own full kitchens and modern finishes. The main building is divided into two units: One 2-bedroom, 1-bath unit (760 sq ft) with full kitchen, newly added bath and private laundry hookups. One 2-bedroom, 2-bath unit (959 sq ft), newly remodeled and updated with a new kitchenette, bathrooms, flooring, and recessed lighting as well as brand new windows and entrance doors and laundry. All units have private entrances a living room and full kitchens. Recent upgrades include paint, flooring, recessed lighting, and remodeled interiors. Other features include sub-metering in select units with utility reimbursements, on-site laundry hookups (select units). This is a rare opportunity to acquire a high-yield, turnkey income property with strong rental demand and upside potential.