Listed by Compass
$1,300,000
Mid-City
Details
APN 4717422500
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,300
Units 4
Cap Rate 6.00%
Year Built 1948
Buildings 2
Acreage 0.150
Multifamily | 6.00% CAP | 4 Units
Marketing description
Are you looking for a solid investment property that just completed a 60-day tune-up? Check out these FOUR UNITS that strike a rare balance between generating market rents immediately and having solid upside potential. The 2-br feels like your own house (with yard for a dog) and it's paired with another ground-floor 1-br unit - plus there are two 1-br units over the four single-car garages (convert to ADUs?). This summer's upgrades include interior and exterior paint, refinished hardwoods, new toilets, vanities, sub-panels, electrical outlets/GFCIs, termite clearances, two new furnaces, plus all kitchens and baths have refinished countertops, sinks, and tubs! These units are fresh and ready, providing a true turnkey opportunity for the new owner & tenants. These workhorse units should be pumping out $100,000+ per year in no time! Or live here and finance your purchase with 3.5% down payment via FHA - or go VA! Whoa! Porforma rents = $102,000 annually.
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Listed by Compass
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