Listing Provided Courtesy ofHudson Commercial Partners, In Tour
This is a Plan Book Craftsman style single family residence currently being used as an income property, along with a detached Guest house. It currently brings $8,405 per month, with two vacancies at this time. 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 with 2 vacancies is approximately 101,000 per year, making this investment a +/- 4.5 CAP RATE ON EXISTING 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, prior to opening escrow. Guest House adds an additional 450 square feet to the leasable square footage on the premises, tax assessors show 2,546 square feet. Buyer to conduct their own independent investigat
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Listing Courtesy ofHudson Commercial Partners, In