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Sold: 1626-1628 Palou Avenue

Sold for $535,000

Details

  • GRM: 7.6
  • Multi-Unit Home
  • Upside Potential
  • Gross Annual Income: $65,280
  • Multiple Tenants
  • Close to Transportation

Multi-Unit Home with amazing GRM! Great upside potential. Steps away from the 3rd Street Light Rail. Main level of house $2,190/mo. = 4BR/2BA with living room/dining room/kitchen; Upper level $1,300/mo. (which is accessed through the main level) = 2BR/1BA open living/dining/kitchen; Lower level $1,950/mo. (w/potential for $3,450) = set-up motel-style with 7 rooms, 2 full baths and a community kitchen area. Most systems were updated in 2004 with permits. There are 4 years of banked rents. Owner pays all utilities (water, PG&E, garbage). Home will be shown by appointment only with a minimum of 24-hour notice to tenants.

Please visit: www.UnitsOnPalou.com

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