1602 – 1606 N Bush Street is two contiguous parcels being sold together as 3 units. At 1602 N Bush Street you have a charming Craftsman-style duplex and next door at 1606 N Bush Street you have a single family home on a commercial zoned lot.
This is an inheritance sale and both properties have been in the family for many years.
Both properties will be delivered vacant, making it a great opportunity for a new investor to put their own work into these buildings to generate high income potential.
At the offered price of $1,395,000 you would be at 11.98 GRM and a 5.15% cap rate based on current market rents. There are garages in the rear of both lots, potential for ADU’s and more income once built.
Buyer to verify any ADU potential and all zoning restrictions.
Seller and Listing Agents do not guarantee the information provided and Buyers to do their own investigations.