Project Category: Substantial Improvement Property
Description: Project is 4 adjacent lots comprising 8 units. 3 of the units are complete and rented. Two, twin duplexes and a stand alone cottage remain as well as some landscaping and curb appeal elements.
Advantages: 3 units already rented meaning day 1 revenue. High visibility units that are easy to rent. Off Street parking. Garbage and sewer included in taxes.
Location: Great location that’s near everything – 1 block from restaurants, night life, the high school. 2 -3 blocks from Emma park and the gas station. 5 blocks from the hospital and freeway.
* Off Street Parking
* High visibility location makes the properties easy to rent.
* Local government eager to help with permits and see the project complete.
* Projects are clean up and easy to inspect / Construction ready
* Revenue producing on day one.
* Residential units in walkable neighborhood.
EXISTING STRUCTURES ON PROPERTY
* 649-651 South Main - Duplex - 2 bed / 1 bath - flat roof - both Rented.
* 655 South Main - Single Family home - 3 bed / 1 bath - Rented.
* 655 1/2 South Main - Single Bedroom cottage behind 655 South main.
* 659-659 1/2 South Main - Duplex - 3 bed /1 bath - demo complete, clean for inspection and ready to begin remodel immediately. (twin building to 661-661 1/2)
* 661-661 1/2 South Main - Duplex - 3 bed /1 bath - demo complete, clean for inspection and ready to begin remodel immediately. (twin building to 659-659 1/2)
R2 - Multi-Family Residential