About This Property

Excellent Investment Opportunity! Legal 5-Unit Multifamily Property Featuring Four Spacious 2-Bedroom, 1-Bath Apartments Plus One Studio. Currently Generating $6,700 Monthly With One Vacant Unit Offering Immediate Upside! Projected Income Of $8,400 Monthly Or $100,800 Annually! Annual Expenses: Taxes $18,000, Insurance Estimated $7,500, Water $3,756, Lawn $660. Total Approx. $29,916 Annually. Projected NOI $70,884 With A Potential 7.16 Cap! New Roof In 2023, Mostly Renovated Units With Updated Kitchens, Flooring And PVC Plumbing. Tenants Pay Their Own Electric! No HOA! Excellent Income-Producing Property With Strong Upside Potential!

Key Features

• 8,850 SquareFeet Lot
• Built in 1972

Property Details

• Type: Single Family Home
• Year Built: 1972
• Lot Size: 8,850 sq ft
• Sq Ft: 3,534
• Price / Sq Ft: $280
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 8,850 SquareFeet Lot
• Feature: Built in 1972
• Status: Active
• MLS Number: 1192825002
• Days on Market: 0
• Listed By: Fidelity Real Estate Group LLC · Carlos A Montoya
• Zip Code: 33309