Well maintained 4-unit property located on a 11,359 Sq.Ft. lot zoned R3 in TOC Tier 3, presents an excellent redevelopment opportunity or adding multiple ADUs(buyer to verify). Property consists of 4 separate buildings - two 1-bedroom units ($989, $2,340) and two 2-bedroom units ($837, $2,650). Property is generating $81,792 of total Rental Income and has very low expenses. With rental upside of over 46% and possibility to add ADUs the property presents an outstanding value-add opportunity. New owner can redevelop the property utilizing density bonus or add two additional units and keep existing structures. In either case, this is investment with huge potential and upside.
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Listing Snapshot
Price
$1,050,000
Days On Site
1 Day
Bedrooms
N/A
Inside Area (SqFt)
3,080 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2608 Acres
Year Built
1926
MLS® Number
SB25167775
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
yesterday
Listing first seen on site
yesterday
Listing updated with changes from the MLS®
General Features
Acres
0.2608
Number Of Stories
1
Parking Spaces
8
Property Sub Type
Quadruplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
3080
Stories
One
Water Source
Public
Zoning
LAR3
Interior Features
Fireplace Features
None
Flooring
Laminate
Laundry Features
None
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Exterior Features
Fencing
None
Pool Features
None
Roof
None
Spa Features
None
View
None
Waterview
None
Community Features
Building Access
1
Community Features
Street LightsSidewalks
Financing Terms Available
CashConventionalFHA1031 Exchange
MLS Area
PHHT - Park Hills Heights
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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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