6 bedroom house for sale

Overview

Current Cap of 6.07% with potential to grow. Low vacancy rate and a history of long term tenants. This is an ideal opportunity for someone looking to invest in a multi family property located in an area which has demonstrated a need for housing. There are 4 separate units, all of which have been remodeled by the current owner. Located close to downtown, with easy access to Highway 395, this property is approximately 55 miles from Mammoth Lakes and approximately 88 miles from South Lake Tahoe! 2 of the units feature 2 bedrooms and 1 bathroom. 2 of the units feature 1 bedroom and 1 bathroom. Ample parking available. 1 unit has an attached garage. Common laundry area, plus option for additional income from 3 separate storage spaces. All units are separately metered. Current owner left no detail unacknowledged when it came to remodeling and updating this property, making it as user friendly as possible for the next owner! Property management services are set to begin 2024. General information and unit breakdown: Unit 21 - 1106 square feet, 2 bedrooms, 1 bathroom, attached 1 car garage. Remodel/upgrades include but are not limited to: electrical appliances, electric panel, flooring, kitchen counter tops, fixtures, windows, PEX plumbing, soft close cabinets and under cabinet lighting in the kitchen. Newer water heater and water/sewer main. Heat is provided by a direct vent propane wall heater in addition to multiple electric wall heaters and there is a wood burning stove as well. Unit 25 - 572 square feet, 2 bedrooms, 1 bathroom. Remodel/Upgrades include but are not limited to: windows, water heater, light fixtures, fans and outlets, flooring and kitchen/bath update. Heat is provided by a propane wall heater in addition to multiple electric wall heaters. Unit 27 - 324 square feet, 1 bedroom, 1 bathroom. Remodel/Upgrades include but are not limited to: windows, flooring, fixtures, kitchen and bath remodel, stove, new water heater plus, a built in hydrolic bed provides ample additional storage space. Heating is via a propane wall heater in addition to electric wall heater(s). Dog run with electricity available to keep bowl(s) from freezing during winter months. Attached storage space offered by current owner, to tenant(s), for an additional charge. Unit 29 - 384 square feet, 1 bedroom, 1 bathroom. Remodel/Upgrades include but are not limited to: kitchen lighting, kitchen cabinets, stove, new water heater, windows, flooring, fixtures and a built in hydrolic bed provides ample additional storage space. Heating is via a propane wall heater in addition to electric wall heater(s). Attached storage space offered by current owner, to tenant(s), for an additional charge. Additional 120 square foot storage shed with shelving on site and available as an additional income producing feature. Common Laundry Area: Features designated, locked storage cabinets for each unit. New hot water heater. Reinsulated and New roof installed, epoxy floors. Common patio with fire pit. Water and sewer lines are newer for all units. Electric boxes are newer. Newer (within a few years) interior and exterior paint on all units. Newer fence. Internet is provided by a wireless mesh system currently.