Multi-Family Space For Sale @ 13165 Luther Rd

Rare opportunity to capture a special, well maintained multi-family housing property. Stable, full occupancy with good quality tenant base yields an in place cap rate of 4.37%. There is an upside potential with increased rents for a pro forma cap rate of 5.5%. This increase is achievable given the significant lack of rental property inventory in the current housing market. This excellent investment opportunity is situated on 1.2 acres of attractive, mature landscaping on a quiet street, yet with convenient commuter access to Highway 49 and to Interstate 80. The components of the property are six (6) units in three buildings: One single family home, which is three bedroom, two-bath. One building is a triplex with three (3) one bedroom, one bath units. One building is a duplex comprised of two (2) two bedroom, one bath units. Laundry is available in each building. Parking is available for each unit, and there is RV parking available. Marketing package to follow.