370 El Rio Court

Description

Below market rent leaves room for increasing future cash flow! Note the difference between the lowest rent & highest rent currently! This Fourplex could be all for investment or a homebuyer could buy to live in one & rent the others to offset their payments. Plus, as a Fourplex multiunit property, there is an added benefit of falling into the residential category of Single-Family, 1-4 Unit financing. And it has a huge R-2 lot! In fact, there might even be room for an additional unit(s) subject to a prospective Buyer's own further investigation & conclusions after verifying with land planning specialists and the City. There are existing carports plus street parking, sidewalks, curb, and gutter. City services include sewer, water, & trash--plus there is a separate coin-operated laundry room for tenants to use. Stucco exterior provides easy maintenance & superior sound proofing, plus there are many recent upgrades including a 2023 roof. These four spacious units contain nearly 950 square feet each, and have private back yards, plus there is an excess underutilized exterior common area--leaving room for the imagination as to potentially adding other amenities to share.