Kelly Okimoto, Nick Sadek Sotheby's International RealtyPhone: (916) 335-3185
Email: [email protected]
Email: [email protected]
Excellent turn-key investment. A great opportunity to own 4 darling & desirable detached cottages on one lot, centrally located on a quiet street near shopping, restaurants & downtown. 3226,3228 & 3230 W Street are all cute 1 bedroom, 1 full bath cottages with lots of character and charm. Each property features a comfortable living room, spacious kitchen, and inside laundry hook-ups. 3226 is located over the 3-car garage and features 2 bedrooms & 1 full bath. Garage spaces are offered to the tenants to rent for additional income. Tenants pay gas & electricity. Close to everything; UC Davis Medical Center, downtown, award winning schools, shopping, parks & freeway access. PLEASE DO NOT DISTURB THE TENANTs. Tenants are on Month-to-Month leases. Tenants pay separately metered gas & electricity. Rents are $1,300, $1,321, $1,595, and $1,695 per month. In addition to rents, tenants also pay a total of $224, combined per month, towards sewer/water/garbage. Total monthly income is $6,135. Total annual income is $73,620. GRM is 14.93 and 6.7% Cap Rate. A fantastic investment opportunity with lots of potential.
