Overview

Description

PROPERTY DESCRIPTION
The BART Garden Apartments is a two-story, wood frame, 8-unit structure built in 1918. This substantially renovated garden-style building has undergone extensive renovation over the past six years, including new kitchens and baths, windows, and a new seismically engineered concrete foundation. The property has been professionally managed, has a fantastic tenant profile, and very low maintenance costs. Please refer to the full list of capital improvements for more details.

FEATURES & CONDITION
The subject property has internal hallways that access 3 units on the main floor consisting of one studio, one 1-bedroom and one 2-bedroom unit. Upstairs there are two studios and two 1-bedroom units. Unit 4 has its own private entrance inside the fully gated and landscaped complex. Each of the 8 units has been renovated and all have their own in-unit washers and dryers. The interiors of the halls have updated flooring, paint, and LED lighting.

Highlights

• Over $167k in Gross Income
• 1 Block to BART
• 5.9% Cap Rate
• New Foundation
• Excellent Unit Mix
• Fully Gated Complex

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