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This property boasts a strong unit mix comprised of six two-bedroom, one-bathroom units and one two-bedroom, one-and-a-half bathroom unit. While the gross income of the property hovers around $150,000 annually, the unit rents vary, but the average is approximately $1,760 per month, leaving significant upside as legal rent increases are permitted. The financial metrics offered based on the asking pricing is a 13.9 GRM and a 4.6% cap rate. Along with the property benefitting with copper plumbing throughout, the seller has consistently maintained and renovated this property throughout his over 10-year ownership period, Those updates include new floors, kitchen countertops, and new bathroom fixtures as needed throughout.
Property Type(s):
Residential Income
| Last Updated | 11/11/2024 | Tract | Montalvo Heights - 0262 |
|---|---|---|---|
| Year Built | 1973 | Garage Spaces | 7.0 |
| County | Ventura |
Additional Details
| AIR | None |
|---|---|
| GARAGE | Garage, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 7840 sq ft |
| LOT DESCRIPTION | Sprinklers None |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| SUBDIVISION | Montalvo Heights - 0262 |
| VIEW DESCRIPTION | None |
Location
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Listed with Apartment Investment Specialis
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