Investment Highlights
Executive Summary
We are pleased to present 349 N Colorado. Located in the highly desirable neighborhood of Bluff heights. Only a short distance to the Ocean, Belmont Shore, wonderful shopping, restaurants, parks & excellent coffee shops. This classic 1923 investment property has the charm of early 20th century design with built in cabinetry, hardwood flooring, walk in closets and much more. Comprised of one completely detached SFR (1464Sf) 2 bed x 1 bath home, one large (880SF) upper level 2 x 1 bath unit, and one 1bed x 1bath (495Sf) lower level unit. Although located in close proximity to the best of what Long Beach has to offer, this incredible investment property is located on a quiet street and reflects Incredible curb appeal.
Property
Information
345 N. Colorado Pl
1100000 List Price
3 Units
392 Sq.Ft
0.1428 Lot Size (Sq.Ft)
5 Bedrooms
3 Full Bathrooms
4.24% Cap Rate
13.69 GRM (Gross Rent Multiplier)
366666 Per Door
392 Per Square Foot
366,666 Per Unit
Year Built:
1923
1923
Property Type:
Investment, Triplex, Multifamily, Apartment
Investment, Triplex, Multifamily, Apartment
