Great duplex in a great neighborhood. Its a quick 10 minute drive to the Marine Corps base for all your reliable Marine tenants. Both units are 2 bedrooms and 1 bathroom. Both units have low maintenance tile or wood floors and come with a refrigerator, stove and swamp cooler. This investment opportunity is priced at a cap rate of 7% based on the actual annual income of $15,500 and low annual expenses of $2,800 (tenants pay all utilities). There is room to raise the rents to $750/mo and get the cap rate up to 8.5%. With an initial investment of 20% down, your pro forma cash on cash return could be 19%! All units are currently rented, so please do not disturb tenants. Drive by only.
|Status Changed from Pending to Closed||–|
|Status Changed from Active to Pending||–|
Courtesy of Geoffrey Soumakian(01726857) of Golden State Prop. & Inv.
Based on information from California Regional Multiple Listing Service, Inc. as of May 5th, 2021 at 7:47pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.