Exceptional trophy investment of 3 newly remodeled cottages. Rarely do you find a turn-key investment like this one with large upside potential. Perfect for an owner/user or a 1031 buyer looking for an add-value play. The big upside is the plans pending for two additional cottages(ADUs) with market rents at $4,500 for each additional cottage. The existing three cottages(all leases month-to-month) have been remodeled extensively with current rents grossing $10,050 per month. The front cottage(907 SF) has 2 bedrooms and 2 bathrooms with a fenced-in front yard at $3,250 per month(market rent $4,000). The tastefully updated back two cottages(941 SF each) have mirrored floor plans with 2 bedrooms and 1 bathroom.
This Web site is not the official Web site of Coldwell Banker Residential Brokerage and does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this Website. The information contained herein has been provided by various sources which may include the buyer, seller, public records, multiple listing service, or others. Coldwell Banker and/or agent has not verified or investigated the accuracy of this information. Prospective buyers or sellers are advised to conduct their own investigations of any property and the information contained herein, utilizing licensed professionals where appropriate, before purchasing or selling property or using any referenced professionals.
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