Great Investment Building 18 apartments in San Ramon
Located near by multiple universities, one major public hospital and private clinics, 10 minutes walking from the main square of San Ramon.
Today the building is under utilized and ran as a YOGA hotel via BOOKING or RB&B with unsatisfactory results due to the limited touristic potential of the city of San Ramon. However due to the vicinity of major job providers this building would certainly generate excellent long-term rental with great ROI!
The current configuration is as such:
13 flats (78 m2 each) with 2 separated bedrooms, one-bathroom, small kitchen and a living area.
5 are located ground floor another 8 on the ground floor +1. All furnished.
One Furnished House located on the ground floor, two-bedroom, one bathroom, equipped kitchen and living room, terraces and storage.
4 YOGA and meeting rooms located on the ground floor +2, each of them around 70 m2, two of them are having a perfectly maintained teak massive hard wood floor.
Spacious common areas, inclusive of sofas and lounge areas, kitchen and dining room, laundry room with washer and dryer, 4 parking spaces, safety fence, CCTV cameras
Future projection:
One suggestion to the buyer would be to convert the 4 YOGA rooms into 4 one bedroom one bathroom apartment optimizing this way the rental potential. We could have:
13 flats X 500 USD/month = 6 500 USD/month
1 house X 700 USD/month = 700 USD/month
4 flats X 650 USD/month = 2 600 USD/month
Gross Income = 117 600 USD/year.
The complete building has been very well maintained and is very cozy and charming, lots of effort were put into the details; Feel free to contact me for a showing.