318 320 E Market Street
Property Overview
318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. All 3 residential units will be delivered occupied with tenants paying at or above market rates. The commercial storefront will be delivered vacant so you can ask full market rent from your new tenant. At the list price, the property has outstanding fundamentals with a pro forma 5.3 CAP RATE and 12.8 GRM. To make this one even better, all units are in good marketable condition, with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design in the residential units. The seller is motivated. This is one you don't want to miss.
Home Details
- Property type
- Residential Income
- Year built
- 1940
- Lot size
- 5,654 sq ft
- Parking
- 2 spaces
- Days on market
- 49
- MLS status
- Active
- Zoning
- LBCMR
Features & Amenities
Appliances
- Water Heater
Parking
- Driveway
Pool
- None
Community, Schools & Utilities
Community
- Subdivision
- Not Applicable
- View
- None
Utilities
- Cooling
- None
Location & Neighborhood
Frequently Asked Questions About 318 320 E Market Street
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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