40 Unit North Valley Multifamily -4320 Grande Ct NW

40 unit apartment complex in a prime North Valley location on 2.18 acres! Current appraisal 2/25 at $5,105,000. (Can send upon request) Rare opportunity to own investment property in the charming and trending Los Griegos neighborhood. Property being sold as a complete package consisting of four tri-plex units and seven four plex units with a total of 26302 square feet. 21 2bd/1bth; 19 1bd/1bth. Long time property manager/maintenance can stay in place if desired. Immaculately maintained, inside and out. Community coin laundry room, refrigerated air, individually metered electric, 38 fenced patios, firewalls between all units, zoned R-ML. One unit is currently a management office and accounts for part of 5% vacancy. $374,640.00 annual rental income, $174,303.46 NOI, 4.3% cap rate with room to grow towards market!

Tenants pay electric, owner pays gas and water.  All tenants month to month