Description
The Greystone Townhouses, a multi-family building, comprised 33 townhouse units. All with 2BR/1.5BA spacious units. Ideally located in the center of Susanville, Ca. Excellent income history with a proven track record. Well maintained with recent upgrades and capital investment of above market rate potential. Within the past 3 years, the owner replaced all double-pane windows in all units and painted the entire exterior complex. Upgraded geothermal systems, major unit plumbing repairs have been completed, plus smoke and CO2 detectors are included in all units. New gutters and parking lighting upgrades have been installed. The total improvement is worth over $298,931. Separated PG&E and water meters. Water heater inside each unit. 40% upside in rents. The property is close to Lessen High School. Close to the Medical center, Parks and trails. Near local historic landmarks. This is a turn-key property; a rare investment opportunity. High demand property. 100% fully occupied! Actual Cap Rate 6.45%.
School Ratings & Info
Description
The Greystone Townhouses, a multi-family building, comprised 33 townhouse units. All with 2BR/1.5BA spacious units. Ideally located in the center of Susanville, Ca. Excellent income history with a proven track record. Well maintained with recent upgrades and capital investment of above market rate potential. Within the past 3 years, the owner replaced all double-pane windows in all units and painted the entire exterior complex. Upgraded geothermal systems, major unit plumbing repairs have been completed, plus smoke and CO2 detectors are included in all units. New gutters and parking lighting upgrades have been installed. The total improvement is worth over $298,931. Separated PG&E and water meters. Water heater inside each unit. 40% upside in rents. The property is close to Lessen High School. Close to the Medical center, Parks and trails. Near local historic landmarks. This is a turn-key property; a rare investment opportunity. High demand property. 100% fully occupied! Actual Cap Rate 6.45%.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T08:27:27.75. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.