INCOME-GENERATING MULTI-UNIT PROPERTY WITH VALUE-ADD POTENTIAL

Great income producing property! Consisting of 7 units: 4 studios and 3 one bedroom/one bath with 2 car carport. Ample street parking and close to bus lines. Owner replaced all of the posts and beams under the house as this is a post and pier construction. One studio has been fully renovated and one has been partially renovated. The other units are in fair condition. Exterior was recently painted with the addition of concrete stairs, fences and gates. Most of the rents are under market. Owner experimented with fully renovating a unit and the rent was increased from $950 to $1400! This is a significant increase with a small investment for renovation.