5 Beds | 4 Baths | 0 Garage | 2,697 Sq Ft
Key Financials: Gross Rent Multiplier (GRM): Only 199 - immediate, strong cash flow with upside potential. 100% occupancy with market-rate, professionally screened tenants. Consistent rent roll with stable, long-term collections history. Property Highlights: Fully renovated 2 years ago - custom kitchens (new appliances), new bathrooms, new paint, solid surface flooring, updated lighting, and new HVAC systems in every unit. Energy-efficient windows throughout the building. Electric and sewer systems updated. On-site multi-unit laundry room for potential additional revenue. Low-maintenance xeriscaping. Location: Minutes from the University, downtown business district, and public transit (TRAX). Located in a highly desirable, low-vacancy rental corridor with strong rental trends. Investor Advantages: Parcel #1605379041000 included - providing dedicated tenant off-street parking, a rare amenity in this market. This parcel also offers significant future development potential, Turnkey, cash-flowing asset with minimal management required. One of the highest-income producing properties in the area, with measurable upside through additional development, paid parking, or storage unit, or ADU income.
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