Description
We are pleased to present 3204 Collier Ave. in the sought after neighborhood of Normal Heights. This 8 unit apartment complex has been completely renovated in the last 6 months with over $750,000 in capital improvements. There are four large 1bedroom/1bath units, two 2bedroom/1bath units, and one 2bedroom/2bath unit. All units have been extensively remodeled with high-end finishes including flooring, paint, and appliances. All units all have new washer/dryers, splits with A/C and heat, and tankless water heaters. The exterior renovations include a new roof, concrete, landscape and stucco. With brand new market rent leases and RUBs in place, this 8 unit apartment complex is perfect for an investor looking for low maintenance and low management with a true 5% CAP with new taxes and insurance. Potential to for an investor to convert garages into ADU's for additional income.
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School Ratings & Info
Description
We are pleased to present 3204 Collier Ave. in the sought after neighborhood of Normal Heights. This 8 unit apartment complex has been completely renovated in the last 6 months with over $750,000 in capital improvements. There are four large 1bedroom/1bath units, two 2bedroom/1bath units, and one 2bedroom/2bath unit. All units have been extensively remodeled with high-end finishes including flooring, paint, and appliances. All units all have new washer/dryers, splits with A/C and heat, and tankless water heaters. The exterior renovations include a new roof, concrete, landscape and stucco. With brand new market rent leases and RUBs in place, this 8 unit apartment complex is perfect for an investor looking for low maintenance and low management with a true 5% CAP with new taxes and insurance. Potential to for an investor to convert garages into ADU's for additional income.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-19T20:36:21.103. 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 Realty ONE Group Empire. Licensed in the State of California, USA.