4plex Portfolio (3 Buildings)

Three detached four-plex buildings totaling 12 units at 913, 917 and 929 West Monterey Court boast strong in-place cash flow and operational stability. The property consists of 12 units, 9 occupied and 4 vacant, with two vacancies at 913 and two at 917 carried below at market rent, presenting a clear lease-up opportunity for a new owner. Renovated in 2024, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability.

Each unit is individually metered for electricity, enhancing expense control and operational efficiency. The gross building area is appoximately 16,538 sf with 16 off-street parking spaces, and also located in a favorable Flood Zone X where flood insurance is typically not required. A purchaser has the ability to purchase a stabilized asset and continue to raise rents to meet the market, improving the cap rate to 10% plus.

Each 4 plex can be purchased separately or can be purchased as a package deal.

• Three detached four-plex buildings totaling 12 units at 913, 917 and 929 West Monterey Court boast strong in-place cash flow and operational stability
• 12 units, 9 occupied and 4 vacant, with two vacancies at 913 and two at 917 carried below at market rent, presenting a clear lease-up opportunity
• Additional revenue from on-site laundry
• Renovated in 2024, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability
• Each unit is individually metered for electricity, enhancing expense control and operational efficiency
• Gross building area approximately 16,538 sf with 16 off-street parking spaces
• Located in favorable Flood Zone X where flood insurance is typically not required
• Purchaser has the ability to purchase a stabilized asset and continue to raise rents to meet the market, improving the cap rate to 10% plus
• Each 4 plex can be purchased separately or can be purchased as a package deal