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Thursday, January 30, 2014

Virginia Apartments




 Listing Virginia Apartments
Price:$1,375,000
Status:New

This property presents a great opportunity for a new or seasoned investor to have immediate cash flow with significant upside. The property boasts a rare unit mix of eight two bedroom two bath units. Each unit has been upgraded throughout including dual pane windows, and updated kitchens and bathrooms. The property has been meticulously maintained with recent improvementsincludingnewpaintand landscaping. The property has a storage shop next to the carport which is perfect for extra rental income or for storing supplies.


The property has a history to little or no vacancies and currently is fully occupied. The property is separate for PG&E and there is onsite laundry which adds additional income each month. Many units are below market in rent, meaning an investor can come in and raise many rents 10% or more and achieve even greater cash flow.


List of Upgrades:


Building:

Handrails

Wall protection Posts

Dual Pane Windows

Fresh Paint


All Units:

New Refrigerators


Units #1 & #4:

Kitchens and Bathrooms:

/ / New Cabinets

/ /Granite Counter Tops

/ / New Tubs


Unit #2:

New Tile Floor


Unit #8:

New Laminate Floor


Virginia Apartments

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