Arn Cenedella

11 unit apartment building for sale in San Carlos

440 Walnut St, San Carlos has just come on the market at $2,000,000 and is listed by Jocelyn Jamias of NAIBT Commercial.

This property consists of 10 one bedroom one bath apartments and 1 two bedroom one bath apartment and is located just 2 blocks from downtown.

Current gross income is $141,900 – priced at 14.1x gross income and offers a 4.4% CAP rate.

Rents are below market so this property offers an opportunity for rental increases.

Did you know you can buy this building using your 401K or other IRA funds?

Contact me and let’s find you a good investment.

This entry was posted on Friday, February 27th, 2009 at 2:17 pm and is filed under Investment Real Estate, San Carlos Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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