258, 266 E. Bryant Street
Property Description
Upside Rental Potential • We estimate the current rents are 26% below market rents. This translates into a potential 26% increase in rental revenue! ADU Potential • Potentially add ADUs in the front, back and/or parking area which would increase further increase the ROI. Buyer to investigate this potential. Opportunity Zone • Located within a designated Opportunity Zone, offering potential investors favorable tax incentives including tax-deferred and tax-free capital gain treatment when structured through a Qualified Opportunity Fund. Two Fourplexes = Residential Financing! • This is a rare opportunity to purchase eight units with residential financing, as each four-plex is on its own parcel. This allows for a lower down payment and a reduced interest rate compared to typical 5+ unit financing. Also, potential for FHA financing which is very attractive financing with a low down payment. Excellent Parking • Each tenant has their own carport, which is a huge advantage over competing apartments in the area. Buyer can unlock the untapped potential for increased ROI by the possibility of enclosing these carports to elevate the rental income. Gate Ready • The property is gated-ready. The existing chain link gate can be easily replaced with a beautiful iron gate at the front.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,750,000 |
| No. of Units: | 8 |
| Year Built: | 1987 |
| Lot Size: | 0.31 Acres |
| Opportunity Zone: | No |
| Price per unit: | $218,750 |
| Property Website | Click Here |
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