5-unit apartment complex offering four 2bd/1bth units and one 1bd/1bth unit with strong current cash flow and great rental upside. The property is in the high-demand rental market of Downtown Napa providing for high rents and low vacancy. The property was built in 1963, offers approximately 4,009 square feet of rental space, and sits on a 6,563 square foot lot with off-street parking. The property was fully remodeled down to the studs in 2016 and offers new kitchens, bathrooms, wood floors, double pane windows, insulation, and upgraded electrical and plumbing systems. Property management is easy with all the tenants current on rent and no deferred maintenance making this an attractive turn-key investment. This is an ideal opportunity for an investor looking for great value, attractive curb appeal, and the ability to lock-in historical low interest rates.
Location
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Restaurants
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Coffee Shops
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Grocery
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Education
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