We are pleased to exclusively offer for sale this 6 unit multi-family investment located in the city of Commerce. The subject property is comprised of 2(2Bed/1Bath) units & 4(1Bed/1Bath) units for a total rentable square footage of 3,692. Tenants have access to covered car-port as well as open space parking. In 2020 the current owner had the property completely re-piped with copper plumbing and installed all new ABS drains. Tenants pay for electricity and gas while the owner pays for water and trash. All tenants are current on rental payments and the next rental increase is due October of this year. Priced at a current 13.34 GRM and 4.68% CAP Rate, this investment offers substantial upside to the next investor.
We are pleased to exclusively offer for sale this 6 unit multi-family investment located in the city of Commerce. The subject property is comprised of 2(2Bed/1Bath) units & 4(1Bed/1Bath) units for a total rentable square footage of 3,692. Tenants have access to covered car-port as well as open space parking. In 2020 the current owner had the property completely re-piped with copper plumbing and installed all new ABS drains. Tenants pay for electricity and gas while the owner pays for water and trash. All tenants are current on rental payments and the next rental increase is due October of this year. Priced at a current 13.34 GRM and 4.68% CAP Rate, this investment offers substantial upside to the next investor.