718-720 W Arrellaga Street

Excellent investment property, but also good for owner occupants. Front building is a duplex w/lg 1 bdrm units that seem like separate cottages w/ fireplaces & hardwood flrs in each. 2nd building is a nice sized 2 bdrm unit & rises above 4 garages that have sometimes been rented separately for extra income. Property is near stores, schools, buses, & walking distance to downtown. This versatile property could be straight investment as they're charming easy rentals, but also works for owner occupants. For the last decades 2 bdrm unit has housed the owner occupant, but a single owner occupant could easily live in one of the spacious 1 bdrm "cottages" & get even more rent. Or, this property might work for a family compound; parents in 2 bdrm, older teenage child or student in one of the 1 bdrms, & the family grandma or grandpa in other 1 bdrm. Use your imagination!

Market rents could be $5000-$6000/month. Separately metered except for H2O & trash. May be possible to show 2 bdrm unit to really interested buyers, & w/ really,really interested qualified buyers we may be able to get into one of the 1 bdrm units. CLA for more details.