Published On Feb 20, 2024
SALE HIGHLIGHTS
• All Cash Sale!
• 14-Day Close!
• Sold $105,000 Over Asking Price!
INVESTOR STORY
After having built and owned the subject property for 3 generations, this investor chose to sell and purchase newer-constructed rentals, that had no rent control, on behalf of the generation to come and to simplify the structuring of their estate.
HOW DID WE DO IT?
• 3,720 - Direct Mailers Sent to Internal Investor Database
• 6,500 - Emails Directly Sent to Exclusive Buyer List
• 5,000 - Facebook and Instagram Views
• 16,600 - Views on Listing Search Sites
PROPERTY HIGHLIGHTS
FIRST TIME ON MARKET SINCE INITIAL CONSTRUCTION!
• HUGE 40,832 Sq. Ft. Lot
• 5,744 Rental Sq. Ft.
• Tenants Pay All Utilities Including Water
• Unit Mix:
- (1) 3-Bed/2-Bath Unit
- (2) 3-Bed/1-Bath Units
- (3) 2-Bed/1-Bath Units
• Tenants Enjoy: Lots of Open Space, Onsite Parking, Washer/Dryer Hookups & Front Yards/Backyards
• 37% Upside Potential in Rental Income!
• Excellent Cash-Flow with Market Rents in Place!
• No Local City Rent Control!