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"room for rent" in Sacramento

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  1. Multifamily 8%+ CAP Rate - $799,000

    - 14 UNITS- Converted motel, now affordable living- All units are month to Month- $8653 Room Rent per month- $300 Monthly Revenue from vending- $3,349 mo. expenses- $72,612 NOI (proforma)- 8.41% CAP rateGreat Cash Flow property in Northern CA. Once was motel, but was converted to affordable, permanent (short-term) tenant housing. Stable monthly income, with onsite manager included. Avoid the lodging tax by staying month to month, or convert it back. There is an office that is potentially able to ...