Rare investment opportunity in Carmichael! Cap rate 6.2%.Free standing single level 12-unit multi-tenant office on a 0.75 acre lot. Rent rate is currently much lower than the market rate. 100% occupied by long-term tenants. Landlord is receiving 100% rent payments during COVID-19. All units are in good condition. Increase in rent 2%-10% each year. Owned solar system, energy efficient lights throughout the entire building. 100% fenced yard, security system. 37 gated parking spaces.
|--||New Value: $949,000|
|9/4/2020 5:45:00 PM||New Value: $949,000|