This 4-plex is now back on the market for sale. To see more info click here.
When I previewed this impressive charming Spanish 4 unit building beginning of this year, I saw the potential immediately and decided to present it to my longtime client. This building consisted of four 2+2 each unit. Like everyone else, my client was apprehensive at first but when I explained all the benefits of today’s high rents in addition to tax benefits and property appreciation, he got on board and purchased the building.
Upon close of escrow we had two solidly rented units, and one unexpectedly vacated during escrow to both our surprise and the 4th vacant unit could only be described as a total fixer.
We started with a budget of $45,000 and the total remodel ended up costing under $45,000 including appliances. Units are a great investment in this town, add some luxury finishes and they will bring in the highest rents possible.
Clickthrough the gallery below to see the full tour of the remodeled 4-plex.
As your Real Estate agent, I give new meaning to the words “Full Service”. Call me today so I can help your dreams come true. Thank you for reading my article.
Top producer – John Aaroe Group