$285,000
$299,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 07/12/2021
Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 18025972
Sold Date 07/12/21
HOA Y/N No
Originating Board MLS Metrolist
Year Built 1959
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Value add opportunity RENTS ARE 20% BELOW MARKET! This 5 unit residential apartment complex is comprised of four 1 bed/1 bath units and one 2 bed/1 bath unit.. Currently, three 1/1 units rent for $500/month and the 4th 1/1 rents for $550/month. The 2/1 is renting at $550. Market rents are $560/unit for the 1/1 units and $600 for the 2/1 units, increasing potential income to $2,840/month. Owners pay water, sewer, garbage and yard maintenance. Great opportunity for investor or small exchange.
Location
State CA
County Outside California
Area 12567
Direction From Hwy 99, East on Montgomery St, Right on 2nd Ave
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Flooring Laminate, Linoleum/Vinyl
Equipment None
Appliance Free Standing Gas Oven, Free Standing Refrigerator
Exterior
Garage 1 Space Per Unit
Amenities Available Separate Laundry Facility
Roof Type Composition
Building
Story 2
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Other
Others
Senior Community No
Tax ID 0121-3301-9000
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