This property is a dynamic cash flow machine, as it generates a true 5% Capitalization Rate on the existing financials and is located in the very desirable Highland Heights Neighborhood less than 5 minutes away from Highland Hospital making for an extremely strong rental demand. The unit mix is outstanding, comprised of 5 very large 2bd/1ba apartments with on-site parking for each unit and the property also has onsite laundry. Two of the units are rented close to market and the other Three are under market, which means there is also upside value in the rents.
The income description goes here to explain
List Price | $1,100,000 |
Property Type | Condo/Co-Op |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 0 spots |
Year Built | 1964 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 2129032 |
MLS # | 40845547 |
Property ID | 319895946 |
Lot Sqft | 7,000 |
Zoning | Unknown |
Total Units | 5 |
Days on Market | 2,339 |
Original List Price | $1,100,000 |
Date Updated | September 30, 2024 |
Date Created | November 08, 2018 |
STEVEN PETERSON an agent of . Lic #01746140
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2024 The information being provided is 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.
Robert Crawford
REAL ESTATE AGENT