- 4 Unit Apartment Building
- Four 1 BR+1BA Units and 4 Private Garages
- Area – Mount Washington/Montecito Heights
- Annual Gross Income - $43,524
- Gross Rent Multiplier – 12.06
DESCRIPTION
Great 4 Unit Income Property In Mount Washington/Montecito Heights Area Offers Great Value, Good Actual Cash Flow, And Lots of Potential, 4 Nice 1 BR Units, 4 Private Garages Plus 1 Storage Room Are All Rented Out As Well (111 thru 555 above), All Tenants Are Good Seasoned And Happy Tenants, Highest Rent of $840 Is The Only New Lease Started May 2011 Which Shows The Potential, 3 of 4 Units Have Been Updated, Lowest Rent Has Been There Longest & Not Updated, Great Location Between Downtown And Pasadena, Gas & Electric Separately Metered & Paid By Tenants, Priced Right at 12 GRM, All Rents & Expenses Are Actual, Qualifies For FHA Financing!!
Offered at $525,000.