332 Brown St, Napa, CA 94559
332 Brown Street, a five-unit property consists of two buildings located in Napa, CA. The property was built in 1978, and features five two-bedroom, one and one-half bathroom units. The building in the rear of the property features three units and the building near Brown street has two units. There are two bedrooms and a bath upstairs. The living room, dining room, kitchen, and half bath are downstairs.
The property is located in a beautiful, tree-lined residential neighborhood and is close to local elementary, middle, and high schools, as well as downtown Napa. Nearby libraries, public transportation, and retailers such as Costco, Target, Home Depot, Safeway, and Whole Foods, add to the desirability of this location for tenants. Overall, this is an easy-to-maintain investment property with rental upside potential.
The property requires very little yard work and very little maintenance. Three of the five water heaters are covered by Sears warranty or maintenance agreements. Another is months old, and the last is a few years old. The owner loves low maintenance so the trim is clad in lifetime warranty (transferable) aluminum. Unlike wood, the stucco exterior is low maintenance as well. One of the tenants was also a handyman for small jobs.
The landlord added tile to the bottom floors of four of the five units, with relatively new carpet upstairs. The landlord also replaced all of the kitchen base cabinets. All five kitchens feature stainless steel sinks. Also, all stoves are upgraded to 30-inch. All five refrigerators have been replaced in the last five years or so. There are washing machine hookups in all units, and some tenants have dryers. Two of the five sliding doors are double pane units. All five of the front doors are modern replacements.
- Price $1,499,000
- Units 5
- Beds 2
- Baths 1.5
- Total GBA 4,500 SF