499 1/2 Forelle Street, Unit 0
Property Description
Investment opportunity featuring two fully leased units, each offering 3 bedrooms and 2 bathrooms, with one-year lease terms in place. Unit A is currently leased at $1,650 per month, and Unit B is leased at $1,800 per month, providing combined gross rental income of $3,450 per month. Property offers an attractive 6.7% cap rate with established rental income from day one. Recent improvements include a new roof installed in summer 2026, new evaporative cooler, and soffit replacement on Unit B. Excellent opportunity for an investor seeking a stabilized, income-producing property with significant recent capital improvements.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $550,000 |
| No. of Units: | 2 |
| Year Built: | 2001 |
| Lot Size: | 2,016.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $275,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 4 |
ID: 3yd-GJARACO-20261975
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