38155 5TH AVENUE

This sale includes 2 separate buildings, each on its own parcel. Gross annual income of $59,400. The main building fronts 5th Avenue (SR 54) is currently used as an income producing triplex which consists of a 2/1 two story unit with central a/c (Apt. 1: $1200 monthly includes water), a 2/1 apartment on the first level (Apt. 2: $1100 monthly includes water) (Apt. 3: vacant efficiency for $800 monthly includes water & electric). The additional parcel, immediately north offers a duplex of two 1/1 apartments 5141 & 5143 4th Street (Apts. 4 & 5: $925 each monthly includes water). Each building has its own water meter paid by landlord. Both buildings and units have been nicely updated over the last 4 years. Roofs replaced SEP 2022 with wind mitigation reports. Building’s sidings are newly repaired with fresh exterior paint. Location is across the street from Zephyr Park and has bus stops within one block. Empty external storage room could be converted into a communal laundry room for additional income. This downtown location is suited for business or investment, and with the Commercial TMU Zoning (Traditional Mixed Use), this property offers a variety of income or commercial possibilities.