Pending

Eucalyptus Avenue

Newman, CA 95360

$795,000 $3,351/Mo

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Description

Opportunity Knocks on this one of a kind 4 Plex. It is hard to find Fourplexes build after 2000 with particularly with 4 3 bedroom units! Each units also has its own laundry hookups This property is located on 1.06 Acres, Zoned R-3 with the possibility to build up to an additional 26 Units (according to the former owner). The sewer line has already been installed to the rear of the property, water is installed to the halfway mark and the balance of the utilities are stubbed to the lot and ready to extend (according to the former owner. Buyer should independently verify all land use and utility information. Additionally, despite the very respectable current GRM of 11.96. There is still a huge upside potential in rents over time according to Rentometer Pro. See the Rentometer Analysi s attachments. Possible sub 10 GRM when rents are fully optimized over time.

Property Details

Property Type : ResidentialIncome

Price : $795,000

AD Id : 56671677

MLS Id : 224046996

Year Built : 2003

County : Stanislaus

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