Well kept 8 unit apartment building built in 1963 in great Downtown rental area. 7 two bedroom/one bath units and 1 two/two bath unit. Many long term tenants with lower than market rents. Current rents average $1,592 ($12,732 per month) with scheduled rent increase on 8/1/22 to $1,645 ($13,155 per month). Current market rents average $2,395 per month ($19,160 per month) based on RentOmeter market analysis. Seller is in a 1031 exchange and motivated to sell.
Listing courtesy of Listing Agent: W. Kurt Wood from Listing Office: Belmont Brokerage & Mgmt. INC.
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 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, 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.