About this property

This remodeled, urban core Fourplex is a great turnkey investment or househacking opportunity with room for value add. The front building is a bottom floor and top floor duplex with 2 bed 1 bath apartments containing 912 sq ft each for a total of 1824 sq ft. The back building has four garages across the bottom with two identical 430 sq ft apartments above. The entire property was remodeled in 2018 including: electrical service upgrade, new panels, new HVAC, plumbing repairs, paint, tile, countertops, appliances, windows, and adding two sets of laundry. The laundry for 3 of the units is shared in the garage and the upstairs duplex unit has a combo W&D in kitchen. Rents are currently $1300, $1250 (vacant), $895, $825. The back unit rents have increased by $275 per month in just 5 years, and are currently under market rent due to renewing tenants. The location is directly south of OCU campus in the Gatewood UCD neighborhood. You are 6 blocks north of the Plaza District where you can enjoy local restaurants, shops, events and entertainment. You can also get to Downtown, Paseo, Western Ave, Midtown quickly without need for highways. The front duplex was a successful Airbnb between 2019 and 2022. Listing Agent is partial owner.

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