Description
Right in the heart of Los Banos is an excellent investment opportunity with a cap rate of 5.4% with upward potential to 7+% (once all unit rents reach market value.) 2 buildings with 4-units in each, totaling 6,600 sq.ft.. Updates vary by unit with 825 ft. each - 2 BR/1 BA. Upgrades include dual pane windows, new carpet, recently painted, updated cabinets, granite countertops, updated vanity cabinet/sinks and tile floors. All eight units feature central heat/air systems. Units are on separate electric meters. Shared laundry and 7-vehicle carport and 1 open parking space. All units are currently rented on a month-to-month basis.
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8BEDS
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0.3ACRES
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4BATHS
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01/2 BATHS
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6,600SQFT
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$240$/SQFT
School Ratings & Info
Description
Right in the heart of Los Banos is an excellent investment opportunity with a cap rate of 5.4% with upward potential to 7+% (once all unit rents reach market value.) 2 buildings with 4-units in each, totaling 6,600 sq.ft.. Updates vary by unit with 825 ft. each - 2 BR/1 BA. Upgrades include dual pane windows, new carpet, recently painted, updated cabinets, granite countertops, updated vanity cabinet/sinks and tile floors. All eight units feature central heat/air systems. Units are on separate electric meters. Shared laundry and 7-vehicle carport and 1 open parking space. All units are currently rented on a month-to-month basis.
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