Description
3615 Federal is a 6 unit apartment building located in the attractive Highlands neighborhood. With a walk score of 88, tenants enjoy easy access to popular restaurants and bars nearby. These are all premium corner units with great natural light, large floorplans, in-unit laundry, central AC, and private patios/ balconies.
All 6 units have recently renovated granite countertops, stainless appliances, kitchen islands, backsplashes, hardwood flooring, and bathrooms. Three units have private entry from the patio, and two units have vaulted ceilings. There are also dedicated garages and 150 SF storage rooms for each apartment. The property has a new roof (2024), new individual boilers (2021), newer electrical, and newer windows. Units are separately metered for gas & electric with tenants paying direct.
There has been 0% historical vacancy in recent years, and there is immediate upside via rent, garages, storage, and utility income. For the right investor, this deal offers a unique opportunity to buy a trophy asset in a premier location. This is also a great option for an owner occupant or owner operator.
Highlights
- A+ Highlands location - walk score of 88
- Large corner units with in-unit laundry, central AC , vaulted ceilings, private patios/balconies, and front/back doors
- 0% historical vacancy! Immediate upside via rent, garages, storage, and utility income
- Six garages built in 2006 with income potential
- New roof 2024; new individual boilers 2021, newer electrical, newer windows
- 6/6 interiors renovated with granite countertops, stainless appliances, kitchen islands, backsplashes, hardwood flooring, and bathrooms
- Separately metered gas & electric - tenants pay direct
Brokers
Hunter Schaefer
. Senior Advisor(925) 989-8930.Hunter@NorthPeakCRE.com
