Description
This investment portfolio consists of two parcels. One parcel has 1 building and the other has 4 buildings. Property addresses are 27885 (3 units), 27923 (Small House), 27925 & 27927 (Duplex), 27929 & 27931 (Duplex) and 27933 (Large House) Cherokee Road. 3-1 bedroom, 5- 2 bedroom, and 1- 3-bedroom units with 2 baths. Great cash flow with few owner expenses historically. 7 units are scheduled for an annual rent increase of 9% (5% plus CPI) this fall. Current annual rents are $103,461. This is a unique investment opportunity in Nevada County for tenants who desire to live near outdoor recreation. Sale consists of parcel # 060-120-049 and # 060-120-038
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0BEDS
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1.02ACRES
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0BATHS
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01/2 BATHS
School Information
Description
This investment portfolio consists of two parcels. One parcel has 1 building and the other has 4 buildings. Property addresses are 27885 (3 units), 27923 (Small House), 27925 & 27927 (Duplex), 27929 & 27931 (Duplex) and 27933 (Large House) Cherokee Road. 3-1 bedroom, 5- 2 bedroom, and 1- 3-bedroom units with 2 baths. Great cash flow with few owner expenses historically. 7 units are scheduled for an annual rent increase of 9% (5% plus CPI) this fall. Current annual rents are $103,461. This is a unique investment opportunity in Nevada County for tenants who desire to live near outdoor recreation. Sale consists of parcel # 060-120-049 and # 060-120-038
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