Property Info

Property Types :Multifamily

Price :975000

Number Of Room :8

Number Of Bath :8

Square Footage :

Lot Size :

Garage :9

Year Built :1965

School District :

House Description:

This a a very well maintained, high cash-flowing property consisting of (8)eight One Bedroom/One Bath units. The building is located on an unusually spacious lot on a very wide and open cul-de-sac. This high demand rental area rarly sees a vacancy and is pleasantly quiet. Most of the tenants are Section 8 HUD leases with GUARANTEED rents. Take a look at the numbers, all evaluated income and expenses are noted. Separately metered for electricity. Flooring is either ceramic tile or 'Pergo' type wood. AT A 7.23CAP, this property throws off more than 7.52% Cash on Cash return. It's a particularly good investment in central OC. A full marketing brochure is available upon request. With rents projected to increase by 12% this coming year in Orange County, the return is expoentially affected. Invest now for the rewards you can't find in banks or the stock market.