Motivated seller, submit your reasonable offer. Excellent investment opportunity in the heart of Pasadena, a two story apartment with total eight units, all one bedroom and one bathroom. Cap rate is 5.26% and gross multiplier is 14.26. Great cash flow. Each unit is around 440 Sqft, smaller than regular one bedroom apartment but it has a high rental demand. Purchase price is less than $250K per unit. Four carports plus four parking spaces. Individual hot water boilers, all changed within 5 years. All units have individual electrical and gas meters, updated kitchen countertops and cabinets, updated bathtubs and toilets, copper plumbing; well-maintained included the roof, deck, and stairway. On-site laundry, washers and dryers owned by seller to generate an extra income. Located in a nice neighborhood, close to Freeway 210. Very convenient to either daily life or various entertaining activities with Pasadenas dynamic SoCal lifestyle. Such an attractive real estate to own! Drive by only, please dont disturb tenants, offer subject to interior inspection. Contact listing broker for offering memorandum.
Motivated seller, submit your reasonable offer. Excellent investment opportunity in the heart of Pasadena, a two story apartment with total eight units, all one bedroom and one bathroom. Cap rate is 5.26% and gross multiplier is 14.26. Great cash flow. Each unit is around 440 Sqft, smaller than regular one bedroom apartment but it has a high rental demand. Purchase price is less than $250K per unit. Four carports plus four parking spaces. Individual hot water boilers, all changed within 5 years. All units have individual electrical and gas meters, updated kitchen countertops and cabinets, updated bathtubs and toilets, copper plumbing; well-maintained included the roof, deck, and stairway. On-site laundry, washers and dryers owned by seller to generate an extra income. Located in a nice neighborhood, close to Freeway 210. Very convenient to either daily life or various entertaining activities with Pasadenas dynamic SoCal lifestyle. Such an attractive real estate to own! Drive by only, please dont disturb tenants, offer subject to interior inspection. Contact listing broker for offering memorandum.