Monday, October 13, 2008

Azusa 4 Units Residential Income Property $699,000

Units: 4
Bldngs: 1
SqFt: 3,554
Lot SqFt: 6,138
Yr Built: 1963
Tenant Pays: Insurance

Description: GREAT 4 UNIT BUILDING IN THE THRIVING CITY OF AZUSA, CLOSE TO SCHOOLS, UNIVERSITY, SHOPPING AND BUS LINE. ALL UNITS RECENTLY PAINTED, AND CARPETED. NEW EXTERIOR PAINT, NEW BLACKTOP DRIVEWAY, NEWER ROOF, AND MUCH MORE. JUST COMPLETED CITY OF AZUSA INSPECTION AND PASSED WITH FLYING COLORS. OWNER HAS SPENT $25,000 IN RECENT IMPROVEMENTS. THESE UNITS ARE VERY EASILY RENTED AND ALWAYS OCCUPIED WITH STRONG TENANTS AND GREAT RENT. THIS IS TRULY A BREAD AND BUTTER INVESTMENT! 2 UNITS HAVE 1 BEDROOM / 1 BATHROOM, RENT $900 & $1,800 THE OTHER 2 UNITS HAVE 2 BEDROOM / 1.5 BATHROO, RENT $1,200



Gross Sched Income: $50,400
Net Oper Income: $48,000

Operating Expense$/%: $2,400

Sprte Elctrc Mtrs: 5
Gas Meters: 5
Water Meters: 1

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