Portfolio consists of five single family residences and a duplex, for a total seven units. These properties are located in Yuba City and represent a good opportunity to own fully occupied units with upside potential. The market in Yuba City is experiencing strong growth. The city was recently named one of the top 10 small towns to do business, has seen rent growth over 10% and has a low vacancy. Taking all that into account the rents are below market by approximately 12.5%. A buyer will either take over management themselves, or hire a strong area third party who can get the rents to market quickly. That will take a strong 4.19% cap rate to at least 4.88%. The properties are located in Yuba City. a great opportunity to add value and increase their yield with smart upgrades and better management in Northern California. (1)268 Arden Ave (2)401 Park Ave (3)1558 Holly Tree (4)1055 Maple Ave (5)1279 Rosemary ln (6)357 Bird St.
|--||New Value: $1,430,000|
|11/14/2019 4:44:31 PM||New Value: Pending Sale|
|10/24/2019 6:45:00 PM|