Description
This great investment opportunity includes two R4 zoned parcels that total 1.19 acres and includes 16 apartments. Each unit is 2 bedroom 1 bathroom and equipped with central heating and air conditioning, and many with recent updates including new interior paint and flooring. There is onsite coin operated laundry for additional income opportunity, and two storage rooms that function as yard equipment storage and a maintenance supply rooms. This property produces an approximate CAP rate of 6.2%.
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0BEDS
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1.19ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This great investment opportunity includes two R4 zoned parcels that total 1.19 acres and includes 16 apartments. Each unit is 2 bedroom 1 bathroom and equipped with central heating and air conditioning, and many with recent updates including new interior paint and flooring. There is onsite coin operated laundry for additional income opportunity, and two storage rooms that function as yard equipment storage and a maintenance supply rooms. This property produces an approximate CAP rate of 6.2%.
© 2021 Tehama County Association of Realtors. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Wise House Realty | United Realty Group. Data last updated: 2021-07-24T18:51:34.507.