PRICE REDUCED $50,000 -- This is now a 5.5% CAP Rate in Cheesman Park! 1134 Downing is a beautiful 3-unit apartment building in the heart of Cheesman Park. The property consists of two 2-bedrooms and one 1-bedroom, which are all larger than average for the neighborhood. The units offer modern touches combined with vintage features including exposed brick, decorative fireplaces and wood detail that tenants fall in love with. Recent updates include a new furnace, new exterior paint and solar panels on the roof. 4 off-street parking spaces can be leased to increase income. An investor can cashflow a well kept building in an A+ location, or make updates to the units like granite countertops or exposing the original hardwoods to increase rents considerably and add to the overall value. Property Offering Memorandum and virtual tours of each unit are available by request.

Showings available this Thursday, July 16th.