1516 Maple St, Sunset Park



1516 Maple St, Sunset Park

Pride-of-ownership Sunset Park triplex with 3 separate cottages located on a quiet tree lined street. Blocks from cafes and shops, all within about a mile from the beach. These unique detached cottages are filled with natural light and share a gated private courtyard in a peaceful and tranquil setting. Upgrades include: hardwood floors, remodeled kitchens & bathrooms, generous use of skylights, vaulted ceilings, crown mouldings, French windows/doors, vintage details and patio areas for each cottage. The two rented cottages (2b/2ba rented at $3,607/mth and 2b/1ba+bonus room rented at $3,580/mth) have future upside potential. One unit is vacant (2b/2ba + bonus room/3rd bd with $4,000/mth projected rent), so a new owner can start at market rent or move in! Every design detail of this property has been carefully thought out and executed with care. Even the shared laundry room features storage, skylight and vaulted ceiling. The courtyard features mature trees and professionally designed drought tolerant landscaping with drip irrigation. CAP rate based on current rents, plus projected rent for vacant unit is: 4.7%! With superior rents and high-quality tenant choices available, this is an outstanding investment opportunity.

Front Cottage: 2bd + 2ba includes a modern remodeled kitchen and bathrooms with vaulted ceilings, French windows, skylights throughout and private landscaped front yard patio.

Middle Cottage: 2bd + 1ba + bright bonus room with vaulted ceilings, skylights, hardwood and polished concrete floors and French windows/doors, modern remodeled kitchen and a semi-private patio.

Back Cottage: 2bd + 2ba + bright bonus room/3rd bd with French windows, vaulted ceilings, skylights, coved ceilings in living room, remodeled bathroom and a semi-private patio.

**Gross Operating income based on current rents, plus $4,000/mth projected rent for the vacant unit. CAP rate includes ACTUAL expenses, plus estimated property taxes (1.25%) at list price. Buyers to do their own analysis and rely solely on same for purchasing decisions. Property can be purchased with adjacent SFR (1514 Maple St).

$2,415,000 – Sold