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Indiana Street

Woodbridge, CA 95258

$1,700,000 $7,167/Mo

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Overview

46,173.60

Sqft(Lot)

Description

Very Rare Woodbridge 8 TOTAL UNITS PORTFOLIO SALE Plus 1900 Sqft Shop w/office and storage yard all for $ 1.7 MILLION. Total Current income is $173,400 With a current GRM of 9.8! The portfolio includes 4 contiguous parcels totaling just over 1 Acre of land. The buildings are as follows (See buildings map & Details in attachments) : 1 Triplex , 1 Duplex, 2 single Family homes one is a 3 bdrm 1 bath approximately 1100 sqft with a detached studio unit, and one is a 2 bdrm, 1 ba approx.. 970 sqft. The final building in the portfolio is a large Tradesman Shop that is approximately 1900 sqft with a office and large door that opens to accommodate larger items. The shop also has a large fence in storage yard. That can easily accommodate more than a dozen vehicles or storage for a business or the new owner. (See attachments for a current rent roll and Market Rent Report that suggests plenty of additional upside potential) On the rent roll we have penciled in $1000 a month for the shop since the seller is willing to rent back for 6 months, but it was previously rented at $2500 a month. At full market rents for all units and the shop we see an annual gross income of over $200,000 per year and a GRM in the high 8's!

Property Details

Property Type : ResidentialIncome

Price : $1,700,000

AD Id : 56663695

MLS Id : 224046397

Lot Size : 46,173.60 Sqft(Lot)

County : San Joaquin

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