4850 Hamilton Avenue provides a unique opportunity to acquire a renovated 16-unit apartment building in a core location. The building features an outstanding unit mix of (8) 1+1 & (8) 2+1. The property has undergone extensive exterior and interior renovations. The building recently had new dual paned windows installed, fresh exterior paint, the installation of drought tolerant landscaping, paver walkways, new stucco patio walls for 7 of the downstairs apartments, new railings and exterior doors. 4 units have undergone thorough remodeling including: new LVT flooring throughout, shaker kitchen cabinets, quartz countertops, stainless steel appliances, dishwashers & built-in microwaves, open concept kitchen & living room, crown molding, can lights, interior doors, new blinds, fully renovated bathrooms with new tile shower enclosure, toilet and vanity. Upside Potential - Market GRM: 13.21 and Market Cap Rate: 5.28%. May purchase with 4810 Hamilton Avenue a 15-unit building next door.
|LAST UPDATED||11/13/2017||YEAR BUILT||1960|
|STATUS||Active||PROPERTY TYPE(S)||Multi Family|
|School District||Campbell Union High|
|BASEMENT||Foundation: Concrete Perimeter|
|HEAT||Gas, Wall Furnace|
|SEWER||Sewer: Sewer - Public|
|UTILITIES||Water: Public; Sewer: Sewer - Public;|
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