Investors Alert… A fourplex w/storage space in the basement, full, secure parking lot. Every unit is rented & collects $1,300 each. Units are 946 sq ft, all 1 bedroom & 1 bath (with shower/tub), living room area, full kitchen w/refrigerator & a free-standing electric stove/oven. Units could be converted to 2 BRs. Each unit has a portable AC unit, wall heater (one unit has a floor heater). Rent has not been increased for 2 years. Owner leases 3 units to a charity to help low-income individuals, meanwhile guaranteeing the rental income (rent is paid even when units are vacant). Charity finds the tenants & turns over the units for transition. 3 of the units were recently updated with paint, carpets, bathroom fixtures & kitchen appliances and charity is responsible to return them to this condition. The 4th unit has not been updated but has a long-time Sec. 8 tenant (7+ years). Close to downtown and the Delta. Great opportunity at almost a 7% cap rate at asking price of $780,000.