220 South Palm Avenue
BUY THIS TRIPLEX AND WE HAVE OTHERS
Marketing description
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Property sold as-is. Well maintained units. Private townhome units’ laundry room for tenants increase income. Don't bother the tenants or anyone at property.
ADU potential. Rents are $2500 & $2500 & $1,800. Pro Forma rents are $2,600 a unit. All units are 2 bedrooms and 1.5 baths. Individual unit's computer fields does not input 1.5 baths so it comes out incorrectly at 2 baths, while there are actually 1.5 baths.
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Gross rental income.$7,035. Includes $100.00 per month from the laundry. Monthly expenses:Water/Sewer $460.00, Gas $60.00, Electric $35.00, Trash $167.00, Taxes $314.00, Insurance $237.00, Landscape Maintenance. $50.00. Total monthly expenses: $1,323.00. NOI: $5,712.00
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Roof replaced back area 7/15/2018, Front unit and carports roof replaced 4/2025, All Exterior trim painted 6/2018. 220-unit remolded 9/25. Water Heater replaced 6/23. Complete Fumigation Done 8/2019.
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Overtime rents seem to always go up, so sell it please.
Investment highlights
-Upside Upside Upside!!!
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For Sale Or Trade.What do you have to trade? Don't miss this Mixed Use Commercial Residential Quadplex, money-making opportunity Four-Plex to start you off as a landlord or just add 4 more units to your growing portfolio. We also have another four-plex and tri-plex for sale so you can purchase 4 units, or 7 units, or 8 units, or 11 units. These are really nice units well maintained you will be proud to own and rent or live in one. What do you have to trade???????
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Wonderfully designed and nicely maintained, well-built four units on extra sized lot of 8276+/- sf lot leaving the potential ADU or ADU's build out. Front Commercial Lot with a residential 2 & 1 attached residential building. In the back is a duplex with each unit being a 1 & 1 rental or personal residence. Four detached garages. All 4 units are designed for a quiet relaxing lifestyle. How many ADUs I don't know. Gas & electric bills go directly to the tenant's units-based on separate electric and gas meters for each unit!!!, so the tenant has to pay for them. The water is double master metered. There is a water meter for the front commercial unit, and a second meter for residential units, with both water bills being paid by the owner. Lots of parking for each unit on this extra sized 8,276+/- sf lot. Very nice rental income. Property sold as-is and do not talk to the tenants. Nicely maintained units. Refer to private remarks for rental income stream.
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Don't miss this great opportunity. What do you have to trade?
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