1001 W Myrtle Street

Build in 1988, BACK house was added, with 2 interior units, bringing the property to 3 units, SEPARATELY metered for gas, electric and water. In 2022 MAJOR REMODEL for both houses was done. You can reach CAP rate 8% and INCREASE your income substantially approx.$40,000 annually By adding an ADU & build on an addition to FRONT house. Building PERMIT has been issued. Seller has approved plans from the city to add living space and a bath to the FRONT HOUSE. And to convert the 3 garages in the back HOUSE to a 2 bedroom ADU** YOU CAN END UP with FOUR units on one LARGE lot approx. 9,583 sq. ft. ** Currently TWO HOUSES with a PRIVATE gate for more privacy and security. ** BOTH HOUSES have NEW double-pane windows, NEW floors w/ baseboard everywhere in living rooms and bedrooms, NEW bathrooms, NEW tub, vanity & toilet. New kitchen cabinets, countertops, plumbing fixtures. NEW light fixtures. ** FRONT house is one level w/ 2 bedrooms and one FULL bath and a full kitchen with ATTACHED 2 car garage. ** BACK house is a 2 story house with 3 car garage, Inside there are TWO SEPÁRATE units with SEPARATE stairs from inside. BACK HOUSE , has 2 units // Unit ONE (can be 5 bedrooms) , consists of 2 story, DOWNSTAIRS has a LARGE open floor plan with one bedroom, one FULL bathroom, spacious living area that opens to the full kitchen which is completely remodeled w/cabinets, pull-out drawers and self-closing doors, quartz countertops. NEW paint everywhere. Kitchen has a sliding window that opens to a big patio // UPSTAIRS has 2 bedrooms, one full bath, an OPEN area that can be an additional (one room) or office and a BIG LOFT that can be an additional (one room) ** Unit TWO, is an upstairs unit with 2 bedrooms, one FULL bath, SPACIOUS entrance to living area & kitchen. NEW tankless water heater. BESIDES an OVErSIZED LOT for additional parking (can fit 6-9 extra cars) Each house is SEPARATELY metered.
CENTRALLY located, close to downtown, transportation, schools, shopping & park. MAJOR freeways 22,5,57. DO NOT go direct, do not disturb tenants. Standard sale. Please submit offer subject to inspection and cross qualification. GREAT INVESTMENT opportunity. MOTIVATED SELLERS. Over $27,000 in design & city fees paid & are included in the purchase price. The permit will be TRANSFERRED to the buyer AS-IS. ** ALL Tenants are on month to month lease and paying MARKET Value rent. Must see to check the separation, please ASK me for the PROPERTY VIDEO