Four desirable, attractive, charmingly hip and rustic bright French-style units with beamed ceilings, solid pine cabinets, views. Live in one and rent the others? Individual, private yards with raised garden areas, patios. 5.66% CAP rate. Tremendous upside revenue potential. Below-market rents on track to increase to $800-$900/unit (1 now @$800); $38,400-$43,200/yr, same PM since acquired. Built in 1983. Possible condo conversion (check with City). Excellent rental history; tenants pay electric. Well-maintained, low maintenance property, spacious private parking. Walk to markets, shops, Old Town Eureka, the waterfront, bus line--not to mention a few blocks to my favorite restaurant and wine bar, Brick & Fire. Halfway between Humboldt University and Community College.
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