Description
Great opportunity for an investor or owner-user. This property is 2 houses on 1 lot but a total of 4 units. The green Victorian at 400 Ohio St is a triplex and the yellow home at 1012 Santa Clara St is a single family home. Properties are being sold as-is and needs a little TLC. My pro forma calculations for rental income is approx $7300/month, or approx $87,600/year. If the buyer puts 20% down payment the monthly mortgage could be approx $5200/month (at current interest rate). The property would cash flow a profit. The other scenario is for the owner user: if buyer decides to live in the big house & rent the other 3 units to help with the mortgage, that rental income could bring in approx $5000/month allowing the buyer to offset their mortgage. Prime location close to the Ferry terminal, waterfront, Mare Island, farmers market, Hwy 37 and I-80.
-
5BEDS
-
0.15ACRES
-
2BATHS
-
01/2 BATHS
-
2,574SQFT
-
$369$/SQFT
School Ratings & Info
Description
Great opportunity for an investor or owner-user. This property is 2 houses on 1 lot but a total of 4 units. The green Victorian at 400 Ohio St is a triplex and the yellow home at 1012 Santa Clara St is a single family home. Properties are being sold as-is and needs a little TLC. My pro forma calculations for rental income is approx $7300/month, or approx $87,600/year. If the buyer puts 20% down payment the monthly mortgage could be approx $5200/month (at current interest rate). The property would cash flow a profit. The other scenario is for the owner user: if buyer decides to live in the big house & rent the other 3 units to help with the mortgage, that rental income could bring in approx $5000/month allowing the buyer to offset their mortgage. Prime location close to the Ferry terminal, waterfront, Mare Island, farmers market, Hwy 37 and I-80.
© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Marketplace. Data last updated: 2022-08-10T09:57:06.593.