This listing is for two parcels being sold together - a residential fourplex property adjacent to a commercial storage lot with an office structure and a covered storage space. Each parcel is 5,756 Sq.Ft. according to the tax assessor records. There is a fence separating them. Both parcels have been rezoned as a new flexible version of residential and commercial. Seller has not surveyed the boundary between the two parcels. There is one shared water meter and sewer line for both properties. The commercial building obtains water through the wall of the apartments at 1420 Coolidge Ave. The commercial tenant is on a month to month lease and the rent has not been raised since March of 2016. Rents shown will be in effect as of January 1, 2019. Property is being sold as is. It is ready for standard upgrades which will probably support much higher income. Some banks would loan on a fourplex at better rates. The loan sited above is for both parcels at the same time from the same lender.
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