$2,945,000
Cash Flow - 7.65% Actual CAP Rate, with a projected 8.0%+/- Year 1 CAP Rate.! This investment offers an exceptional combination of strong in-place cash flow and future upside. Priced at just $196,333 per unit, the property presents an attractive basis, while also being located within an Opportunity Zone offering potential capital gains tax advantages. The asset consists of two separate parcels and is ideal opportunity for a 1031 exchange buyer. Additional features include ample parking consisting of six garages, six open parking spaces, a 2-car tandem driveway. Because this is a 15-unit complex, there also is no requirement for an on-site manager!
Listed by Pat Swanson with Pat Swanson
MLS Property Type
Residential Income
Property Subtype
Apartment
Status
Active
MLS Number
OC26203300
Year Built
1938
Building Size
8,390 sq ft
Units
15
Lot Size
0.39 acres
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