The Pacheco Valley Four-Plex is located at 46 – 58 Clay Court, in the Pacheco Valley, Novato Micro-Market. The investment is four approximately 987 square foot residential townhouse style units, comprising +/- 3,987 square feet on a +/- 5,186 SF parcel of land that is part of a larger complex with an owner’s association that manages and maintains the beautiful common area grounds, the roads, carports and a nice community pool. This Pacheco Valley Four-Plex has three long-term stable tenants in three units paying below market rents and the owners have just completed an extensive refurbishment of the 4th unit, which is on the market for $3,500 a month. The Pacheco Valley Four-Plex has been under the same ownership for over 30 years and has been maintained with pride. Therefore, unlike most apartment investments, there is no deferred maintenance and no hidden costs, so no necessary capital expenditures hammering the cap rate and decreasing cash flow.