Apartments For Sale
7,378 Sq Ft
FOR SALE! 10 Units with strong unit mix! Total 19 Bedrooms and 10 Baths! with mix of ( 9 ) 2 Bedroom 1 Bath Average Rent now $1,300 each ( Some Currently $1,350 )and ( 1 ) - larger 1 Bedroom 1 Bath Rent $1,150 now with -18 plus off street parking spaces and 3 Garages and 4 Storage spots and leased laundry units provide additional income, Buy own equipment and potentially double or triple laundry income ! Gated interior front door complex area for added security. Large Corner Lot Located close to Freeways and shopping areas! Great upside in Rents for future owner! only $195,000 per unit and average rents estimated currently below market average by a few hundred dollars per unit! Rehab the units and potentially raise rents up to $300 per unit. making your potential cap rate over 6% and Potential Yearly ROI over 10% - currently 100% rented. Price REDUCED $150,000 on 1/4/2019!