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Multifamily

917 H St

917 H St, Davis, CA 95616

Listing Price: $1,740,000

Cap Rate
3.71%
Number of Units
4
Occupancy
100.0%
Price/Unit
$435,000
Price/Gross SF
$348.00
Gross SF
5,000

Investment Overview

Marcus &Millichap is proud to present a fourplex with an additional non conforming unit to market in Davis California. 917 H Street was build in 2007 with pitched comp shingle roofs and four town house style two-bedroom/one-and-one-half-bathroom units. Each unit has a washer/dryer and private backyard patio. The subject property also has a large three car garage that is currently not used and has the potential to add an additional unit. Furthermore, there is gated parking that the residents currently do not have access to and could be charged for parking. The subject property is located on a quite residential street in the heart of downtown Davis. Residents can walk to shopping and dinning and are an easy fi ve minute bike ride to the campus of UC Davis. Davis is a town of approximately 70,000 residents and home to UC Davis that currently has over 35,000 students. Due to the difficulty of building in Davis, there is a large housing deficit which combined with strong student demand has made Davis one of the strongest rental markets in California for decades. 917 H Street offers investors a turnkey assets with strong upsides in rents, and the ability to increase unit count. Traditionally investors in Davis have experienced yearly rent increases and strong appreciation. The right investor will see H Street as a rare opportunity to invest in Davis at an affordable price, with the chance to add units and increase property values with a relative modest investment.

Investment Highlights

  • Strong Unit Mix with Four Two-Bedroom/One-and-One-Half-Bathroom Townhouse Units, and One Large Non-Conforming Studio Over the Garage
  • Strong Upside in Rents with the Potential to Charge Rubs, and the Ability to Charge Parking by Renting Out the Garage
  • Potential for the Savvy Investor to Turn the Three Car Garage into a 600 Square Foot ADU Unit

Exclusively Listed By

Listing Price: $1,740,000

Cap Rate
3.71%
Number of Units
4
Occupancy
100.0%
Price/Unit
$435,000
Price/Gross SF
$348.00
Gross SF
5,000

Investment Highlights

  • Strong Unit Mix with Four Two-Bedroom/One-and-One-Half-Bathroom Townhouse Units, and One Large Non-Conforming Studio Over the Garage
  • Strong Upside in Rents with the Potential to Charge Rubs, and the Ability to Charge Parking by Renting Out the Garage
  • Potential for the Savvy Investor to Turn the Three Car Garage into a 600 Square Foot ADU Unit

Investment Overview

Marcus &Millichap is proud to present a fourplex with an additional non conforming unit to market in Davis California. 917 H Street was build in 2007 with pitched comp shingle roofs and four town house style two-bedroom/one-and-one-half-bathroom units. Each unit has a washer/dryer and private backyard patio. The subject property also has a large three car garage that is currently not used and has the potential to add an additional unit. Furthermore, there is gated parking that the residents currently do not have access to and could be charged for parking. The subject property is located on a quite residential street in the heart of downtown Davis. Residents can walk to shopping and dinning and are an easy fi ve minute bike ride to the campus of UC Davis. Davis is a town of approximately 70,000 residents and home to UC Davis that currently has over 35,000 students. Due to the difficulty of building in Davis, there is a large housing deficit which combined with strong student demand has made Davis one of the strongest rental markets in California for decades. 917 H Street offers investors a turnkey assets with strong upsides in rents, and the ability to increase unit count. Traditionally investors in Davis have experienced yearly rent increases and strong appreciation. The right investor will see H Street as a rare opportunity to invest in Davis at an affordable price, with the chance to add units and increase property values with a relative modest investment.

Exclusively Listed By

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