Opportunity knocks! Two-structure, five-unit property on a level 1/4 acre. Owned by the same family for three generations, but now it's time for a new owner. Newer roofs. Separately metered. Property is vacant; no financials are available. Needs a fair bit of work to address deferred maintenance.
516 Buena Vista presents a pride of ownership investment opportunity consisting of ten spacious two bedroom + one bathroom apartments, 14 parking spaces, and on-site laundry. Each apartment has one assigned carport space with an additional four uncovered spaces available for visitors. Owned and operated by the same family for over 40 years, the complex has undergone significant improvements since 2004, including a new water heater, newer roof, updated double pane windows, updated appliances, and several updated kitchens and bathrooms.
A 2-story 10-unit cleaning building, all good-sized 2 BR. Good layout. Extra storage space for each unit. Fully occupied. Easy to rent. Potential rent upside. Sewer lateral compliant. Please do not disturb tenants. Contact agent for a marketing package. Tour time scheduled for Tuesday Sept 10 1-2 p.m.
TOURS: Tuesday, November 5, 10:00am-11:30am Thursday, November 7, 12:00pm-1:30pm Tuesday, November 12, 12:00-1:00pm CALL FOR OFFERS: Thursday, November 14, by 3:00pm Built in 1971, 2215 San Jose Avenue offer tenants extremely spacious apartments with parking and plenty of closet and storage space. The building is optimally laid out with 4 two bedroom, one and a half bath units, 2 one bedroom, one bath units with patios and 1 three bedroom, 2 bath unit that includes an extra den and large wrap around patio. There is also an on-site community laundry building and room for 7 - 11 parking spaces.
The Marion Court Cottages ( The Cottages ) consist of 20 unique classic cottages, on a private cul-de-sac, that were built in 1920. The Cottages are comprised of Eighteen, 1 Bedroom/1 Bath units and Two, 2 Bedroom/1 bath units. The exteriors of The Cottages include private backyards, which are ideal for tenants with dogs, and some of the backyards have storage rooms. The interiors of The Cottages include hardwood floors, with some recent updates, such as double paned windows, granite counters, and tile bathrooms on a number of units. Two units have received significant renovations recently that have yielded $200 to $220 per month rent increases over other recent rentals, these renovations can serve as verification of new market rent levels with the upgraded unit specifications. Tenants pay for all of their own utilities; water, garbage, electricity and heat. A purchaser may be able to convert to TICs or Condos, check with the City for any limitations.