16 Marian Court
- Stable tenancy with over 5 years without vacancy
- Below market rents
- Rent increase moratorium expected to end Dec. 31, 2021
- Federal Opportunity Zone
- On-site management
- Conveniently located near HWY 101 and 580
- 14 Parking spaces
Property Description
Constructed in 1971, this two-building property consists of seven 1-bedroom and four two-bedroom units. The ground-floor units have private fenced yards while the second-floor units have spacious balconies. Current ownership acknowledges that existing rents are below market, providing the opportunity to grow the NOI through annual increases. Additionally, 16 Marian Ct. is in a Federal Opportunity Zone, providing an investor with unique capital gains incentives.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,450,000 |
| No. of Units: | 11 |
| Year Built: | 1971 |
| Lot Size: | 0.46 Acres |
| Opportunity Zone: | No |
| Price per unit: | $222,727 |
| Property Website | Click Here |
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