3 Units available in Prime South Park. Quite Residential Street. 2 units (The front 2BR/1Bath House and one of the 1BR/1Bath units) will be delivered unoccupied at the close of escrow. Tons of immediate upside in the rents. Estimated $2,000/1BR in current condition. With some updating the pro forma rents should be closer to $2,450. Front 2BR/1.5Bath House with longer term tenant and rents about 25% below market. Large lot with plenty of parking as well as a garage. Each unit has a patio/yard. Alternative use could be operating as short term rentals with a nightly rate of $150-$200 for the 1BR Bungalow style units.
Listing courtesy of Marcus & MillichapSelling Office: Acre Investment Real Estate.
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