Description
The property presented for sale is a five-unit apartment building located just south of the city and county center. Residents of the three 1-bedroom/1-bath and two 2-bedroom/1-bath units will benefit from the numerous schools, shops, parks and city/county services that are within walking distance of the property. The continued appreciation in this market offers an investor an opportunity to own in in a top national rental market.The Broadway Apartments presents a new investor the opportunty to capitalize on a stablized asset that is insulated from the effects of rent control due to the fact that the current owner has stayed up-to-date with market rate rents. The building is indivially metered for Gas and Electricity, it does not have a house meter for either. This keeps the expenses low and minimizes surprises for a new owner. The Broadway Apartments has a seasoned tenant roster with the oldest tenant dating back to 2007 and tenants enjoy the buildings nicely maintained grounds. The buildings have newer dual-pane vinyl windows, pitched roofs, and ample parking with four garage spaces and two open spaces.
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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2,964SQFT
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$472$/SQFT
School Ratings & Info
Description
The property presented for sale is a five-unit apartment building located just south of the city and county center. Residents of the three 1-bedroom/1-bath and two 2-bedroom/1-bath units will benefit from the numerous schools, shops, parks and city/county services that are within walking distance of the property. The continued appreciation in this market offers an investor an opportunity to own in in a top national rental market.The Broadway Apartments presents a new investor the opportunty to capitalize on a stablized asset that is insulated from the effects of rent control due to the fact that the current owner has stayed up-to-date with market rate rents. The building is indivially metered for Gas and Electricity, it does not have a house meter for either. This keeps the expenses low and minimizes surprises for a new owner. The Broadway Apartments has a seasoned tenant roster with the oldest tenant dating back to 2007 and tenants enjoy the buildings nicely maintained grounds. The buildings have newer dual-pane vinyl windows, pitched roofs, and ample parking with four garage spaces and two open spaces.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T11:05:53.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.