Wednesday, August 19, 2009

Pasadena 14 Units Apartment For Sale $2,180,000

  • 8,902 SF
  • $155,714.29

  • Multifamily
  • Garden/Low-Rise

  • Investment
  • 5.82%

  • 2
  • Year Built: 1989
  • 15,000 SF

Description

Reduced$300,000 price for quick sale! You can't find another 1989 built 14 unit property at this price in Pasadena. Minutes drive to Old Town. Gated entry and parking structure. Each unit has parking, patio and 2 bedrooms with extras. Rent growth potential. Property sold "as is".

  • $172,680
  • $36,000
  • $136,680

Pasadena 12 Units Apartment For Sale $1,699,000









  • 12
  • 8,502 SF
  • $141,583.33
  • Multifamily
  • Garden/Low-Rise
  • Investment

  • 6.10%
  • Market Cap: 7.8%
  • Current Cash Return: 4.7%

  • 12.20
  • 100%

  • 2
  • 1913
  • 19,351 SF

Highlights

  • Character Building One Of A Kind Property
  • Great Curb Appeal Balconies and Patios
  • 16 Parking Spaces + 6 Garages
  • New Copper Plumbing Updated Electrical Panels
  • Hardwood Floors & Original Details
  • Over 19,000 sqft Corner Lot
Electric: 13 meters
Gas: 12 meters
Water: 1 main
Water Heater: 13 individuals

Estimated Annual Espensed: $33,988
Total Current Rent: $138,720


The property offers 16 parking spaces, 6 garages, 12 individual storage rooms, landlord owned laundry, separate gas & electric meters and water heaters, new copper plumbing, updated electrical panels, lush landscaping, hardwood floors, balconies and patios. Full of character, original details and old world charm. No Rent Control. Zoning is RM16.