The Subject Property presents a stabilized-income opportunity with a favorable unit mix of SIX one-bedrooms, ONE studio and ONE two-bedroom unit. Below market rents and instituting RUBs offers potential for immediate upside. Nicely cared for complex with pride of ownership in high growth Placer County market. The year-one capitalization rate based on a $1,450,000 purchase price is 4.15% with proforma capitalization rate of 6.72% achievable by steadily increasing the below market rents. Priced at approximately $181,250 per door, this one-of-a-kind property is below replacement cost and a great long-term and stable investment. The property currently generates a gross annual income of $99,120, inclusive of RUBS to be implemented by Buyer, and a net operating income of $60,238.
Listing Agent: Zachary Hooker Courtesy of: Ken Turton, Broker The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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