34965 Yale Street

Description

Five detached rental cabins on just over an acre present a unique acquisition opportunity with established cash flow, flexible tenancy structure, and long-term investment appeal. The property consists of four 480 sq ft 1-bedroom, 3/4 bath cabins plus one newer 580 sq ft 2-bedroom, 3/4 bath cabin. Two cabins were constructed in 1993, two in 2006, and the 2-bedroom cabin was added in 2016, offering a desirable blend of established occupancy history with newer improvements. Each cabin features its own private deck, individual storage unit, and approximately three dedicated parking spaces. The well-spaced cabin layout creates separation and privacy between units, helping distinguish this property from more typical higher-density rental configurations. Current gross annual income is approximately $65,100 with reported operating expenses of approximately $9,457.19, resulting in an attractive expense ratio of approximately 14.5%. All tenants are currently on month-to-month rental agreements, providing a new owner flexibility for future rent adjustments, occupancy planning, or potential operational changes. Detached multi-cabin investment properties with established income history and flexible tenancy structures remain an increasingly limited asset class in today's market, making this an exceptional opportunity for investors seeking stable long-term income, workforce housing demand, or future upside potential.