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24 8th Street — Gonzales — 2,153 Sq Ft | Belmont Brokerage

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$745,000

$346/ft²

2,153 sqft|6,834 sqft lot|1935 Built|0 DOM

24 8th St, Gonzales, CA 93926

Property Description

Turnkey Gonzales triplex offering immediate cash flow in a tight rental market. This 2,153 sq ft multi-family property includes three fully tenant-occupied units. All leases are month-to-month, giving a new owner flexibility to occupy a unit if desired. Gross annual income of $46,800 against modest expenses makes this a straightforward addition to any rental portfolio. Matterport 3D tours are available for all three units.

Listing provided by: April WhiteheadDRE #01268491(805) 592-2050 aprillynnwhitehead@hotmail.com, BHGRE Haven Properties

MLS #: ML82059234

FLIP & EXPANSION SIMULATORHIGH RISK / NEGATIVE

Simulate profit based on remodel ($140/sf) & addition ($180/sf)

-$98K

-16.2% ROI

Rehab + Add$400K

Est. ARV$1103K

Est. Profit-$98K

Proj. ROI-16%

Sqft to Add (Expansion / ADU)+550 sqft (2,703 total sf)

Remodel Rate (Existing Space)$140/sqft ($301K total)