Description
Excellent investment opportunity - six unit apartment complex walking distance to downtown St. Helena. Five 2-bdr/1-bath units, and one 2-bdr/2-bath owner's unit with attached garage. 100% occupied with 100% rent collections during pandemic. Average in-place rents are $250 below market offering significant income upside. All units recently updated with new cabinetry, flooring, and stainless steel appliances. Four units have unobstructed views of vineyards, plus patios or balconies overlooking the vineyards. Due to severe lack of rental housing for local employees, these units are always full and very easy to rent upon turnover.
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0BEDS
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0.25ACRES
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0BATHS
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01/2 BATHS
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5,282SQFT
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$398$/SQFT
School Ratings & Info
Description
Excellent investment opportunity - six unit apartment complex walking distance to downtown St. Helena. Five 2-bdr/1-bath units, and one 2-bdr/2-bath owner's unit with attached garage. 100% occupied with 100% rent collections during pandemic. Average in-place rents are $250 below market offering significant income upside. All units recently updated with new cabinetry, flooring, and stainless steel appliances. Four units have unobstructed views of vineyards, plus patios or balconies overlooking the vineyards. Due to severe lack of rental housing for local employees, these units are always full and very easy to rent upon turnover.
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