Great cash flowing investment property. Mainly hollow tile apartment building with 4 units. There are three 3 bedroom/1 bath units @ $2,350-$2,500 and one 2 bedroom/1 bath unit @ $1,300. Monthly net income is $8,550. Annual net income is $79,569. 5.68% CAP Rate. Renovated in 2021 with new roof, freshly painted exterior. All units have new kitchen and bathrooms that include quartz countertops, stainless steel appliances, tiled bathroom shower walls and floors. Secured property with new security gate and new driveway with 4 assigned parking stalls. Located close to freeway access. Please do not walk on property or disturb tenants without an appointment. Seller can offer seller financing second position PMM at 25% at 4% annual interest rate amortized over 30 years, with a 5-10 year term.
Listing courtesy of Inspired Life Realty, LLC.
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