121 1st Street

Triplex with 6% cap rate. A once-in-a-lifetime opportunity! Short driving distance from UC Davis. 3 units: single-family house, a duplex, a 4-car garage & RV/boat access in the heart of Woodland. The pro forma rent is 81K/year. The front house is a 3 bed, 2 bath, 1,504 sq.ft home, fully rebuilt from the studs up. Brand-new roof, windows, stucco, electrical, plumbing, tile shower, water heater, laminate & tile flooring, water fixtures, cabinets, quartz countertops, appliances, HVAC system, and landscaping. The basement offers the potential for conversion into a game room or wine cellar. Duplex has completely separate alley access. It has also been rebuilt from the studs up with a brand-new roof, windows, siding, electrical, plumbing, water heaters, tile showers, laminate & tile flooring, cabinets, quartz countertops, appliances, and AC units. Each unit has its own laundry. Unit 121A (Downstairs): 2 bed, 1 bath, 693 sqft, rented for $2,025/month. Unit 121B (Upstairs): 1 bed, 1 bath, 517 sqft, rented for $1,750/month. All work has been permitted. The property includes an oversized 1,128 sqft 4-car garage divided into two 2-car garages. Zoning allows mixed-use.Excellent location, close to everything Woodland offers: walking distance to downtown,library, just 16 minutes from UC Davis