Photo 1 of 1
$185,000
Sold on 10/31/12
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$1,605 |
1971 |
|
On the market:
253 days
|
View full details, photos, school info, and price history
19.4% cash-on-cash return when financing with 30% down! Currently 100% occupied and producing a good cash flow. Owner just installed (June 2012) five (5) new AC units & has made many improvements, including new exterior paint, new AC (window) units, new parking lot seal coat/re-stripe, and remodeling of some units. Unit mix is six (6) 1-bedrooms, one 2-bedroom, & one studio. Owner pays for water/trash; Individually metered (and/or submetered)for electric (SRP). On-site manager receives discounted rent ($250). Minimal landscaping helps keep expenses low. Laundry room provides addt'l monthly income as well. Drive by only; DO NOT disturb tenants/manager.
Listing courtesy of Stephen Weber, Peak PM LLC
