Listing Provided Courtesy ofHudson Commercial Partners, In Tour
This is a two-story Spanish Palladian single family residence currently being used as an income property, along with a detached Guest house. It currently brings in $9,310 per month, with one vacancy which usually rents out for $900 per month. The property will not be delivered empty at close of escrow, Buyer must calculate relocation expenses into price. This property is not registered with Rent Stabilization/Rent Control, but maybe categorized under these laws where tenants are eligible for relocation money. This SFR is ideal for a Buyer looking for strong supplemental income to help pay their mortgage and live rent free! On the other hand, a patient investor looking to reposition the property can capture its immediate upside, given its tremendous location and quality architecture. The annual income is consistly over $110,000, making this property +/- 4.6 CAP RATE ON EXISITING INCOME. The property has deferred maintenance and needs to get upgraded. Seller will only open escrow with Buyer with NO Physical inspection contingency, no exceptions. Buyer must conduct their physical inspections and hire 3rd party upfront.Guest house adds an additional 346 square feet to the leasable square footage on the premises, tax assessors show 2,892 square feet. B
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy ofHudson Commercial Partners, In