1449 S Park Avenue

Rare opportunity triplex with a 5.3% Cap rate. Unit 1451 2 Bed 1 bath will be delivered vacant at closing (1109 sq ft), creating an excellent opportunity for an owner-occupant or investor to achieve current market rent. Large house in back is a 3-bedroom 2 bath (1137sqft) with a 2 car garage. The two front units share a 2 car garage and have a fenced front yard. Want more units? This site has about 10,000 sq ft site ready to build behind the 3 detached homes with its own gate in back accessed from the MUIR culdesac. (buyer to verify with city). Approximately $80,000 in recent upgrades have been completed over the past few years, including granite kitchen countertops and newer cabinetry in two units, fresh exterior stucco paint, dual-pane windows throughout, and newer wood fencing. All units feature tile flooring, with two units also offering laminate flooring upgrades. Each unit has their own laundry hookup adding appeal and convenience to the tenants. The remaining two tenants are long-term occupants with good rental history and timely payments. Unit 1451 configuration includes a den off the main bedroom, providing additional flexible living space ideal for an office, retreat, or nursery. The property includes two separate driveways with parking for approximately five additional vehicles besides the 4 garage spaces, adding valuable flexibility for tenants and guests. Excellent income property with strong rental appeal and future development potential.