21 Laurel Bridgeport, Ca, CA 93517

INVESTMENT OPPORTUNITY! Beautifully remodeled 4-plex featuring 2 units with 2 bedrooms/1 bathroom and 2 units with 1 bedroom/1 bathroom. Plenty of parking plus large common patio area. There is ample additional storage space available. Common laundry area. 3 of the 4 tenants are on leases and one is month to month. This is a great income opportunity! Current owner has remodeled and upgraded numerous property features, making this an extremely "user friendly" investment. General information: Unit 21 - 1106sqft, 2bedrooms, 1 bathroom. Tenant is on a year lease. Current owner remodeled/upgraded features such as, but not limited to: new electric appliances, new floors, kitchen counter tops, fixtures, windows, PEX plumbing, soft close cabinets and under cabinet lighting in the kitchen. Water heater is newer, heat is provided by wall heaters (3 electric, 1 propane). There is also a wood burning stove in the "sun room," and an attached 1 car garage with cabinets and extra storage. The common laundry area is attached to unit 21 and has designated, locked storage cabinets for each unit plus a newer hot water heater. There is a common patio area with firepit also. Unit 25 - 572sqft, 2 bedrooms, 1 bathroom. Tenant is on a month to month lease. Remodel and/or upgraded includes numerous features such as: new windows, newer water heater, new light fixtures, fans and outlets, new flooring and kitchen + bath remodel/upgrade. Stove is electric. There is a gas wall heater and an electric wall heater. Newer water heater. Unit 27 - approx. 324sqft, 1 bedroom, 1 bathroom. Current tenant is on a year lease. Upgrades include but are not limited to: new windows, flooring, fixtures, kitchen and bath remodel. This unit features a built in hydrolic storage bed providing significant additional storage space. New electric water heater. Stove and wall heater run on propane. Small dog run at back of unit with electricity to heat water dishes in winter months. Unit 29 - approx 384sqft, 1 bedroom, 1 bathroom. Tenant is on a year lease. Current owner has remodeled the kitchen to include lighting, cabinets, etc...there is a newer electric water heater, propane wall heater and hydrolic bed. Additional upgrades include but are not limited to: flooring, fixtures, windows, same as above units. There is additional storage space on site: 1 space attached to unit 27 (insulated) and 1 space attached to unit 29. There is also a storage shed between these units approx. 120sqft with built in shelving. Current owner rents each space out for an additional $ amount per month. All units are separately metered. Water and sewer lines are newer. Electric boxes are newer. There is a wireless mesh system for internet to each unit. All units have newer interior and exterior paint. Listing agent can provide financials upon request with a proof of funds or preapproval. Cap rate currently works out to 5.5%.