308 Orange Avenue
Property Description
Rare six-unit multifamily offering comprised of two triplexes on two adjoining parcels, to be sold together as a package (APN 19123101 - 302 Orange Ave; APN 19123102 - 308 Orange Ave). 302 features a studio and two 1BR/1BA units; 308 features a 3BR/1BA plus two additional studios. All six units are currently occupied and generating combined rental income of $5,550/month, with tenants on flexible month-to-month terms. Added upside: 302 offers potential to add an additional unit, subject to buyer's due diligence and applicable permitting. A strong opportunity for an investor seeking an established rent roll with room for future value-add. Both parcels must be purchased together.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $626,000 |
| No. of Units: | 6 |
| Year Built: | 1937 |
| Lot Size: | 2,197.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $104,333 |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-BAORCA-202610241
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