TWO SINGLE FAMILY houses - with total THREE completely separate, detached residences. * The TWO houses are STAND ALONE & SEPARATELY metered for gas, electric and water, each has its own mailing address. Add - ADU - to the big building and build an addition for the front house, you will end up with FIVE residences. ** Seller has APPROVED PLANS from the city & Building PERMIT. Will be TRANSFERRED at NO additional cost (see supplements) Reach CAP rate - Upto 8% CAP / $40,000 annual rent increase with those TWO additions: One ADU unit (2 beds, 1 full bath) & build an addition (1 bed/1 bath & kitchen) to the FRONT HOUSE. Current INCOME $106,500 annually, from ALL 3 residences. $8,880/month - reliable tenants. Increased by another $3,450/month with ADU. Even with only a 3% rent increase - you will end up with over $3,500 additional rent each consecutive year. Currently 3 units – 9 rooms, 4 FULL bathrooms & 5 car garage can be turned to 5 units – 12 rooms and 6 bathrooms IN 1986, BACK house SFR was build 7 rooms & 3 Full Bath, split into 2 units from inside. Original FRONT single family House, one level, 2 beds & 1 FULL Bath. Sitting on a LARGE Lot approx 9,583 sq.ft ** In 2022 MAJOR REMODEL for both houses was done, new windows, new floors everywhere & kitchen & bathroom cabinets C Schedule a Private Showing

Listing courtesy of BRIDGE / T.N.G. Real Estate Consultants

Last checked: Checking… • Last updated Mar 13, 2025 • Source: BRIDGE

MLS# CRPW24206655 — Report a problem

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