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

• Building Size: 8,902 SF
• Price/Unit: $155,714.29
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• Property Type: Multifamily
• Property Sub-type: Garden/Low-Rise
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• Property Use Type: Investment
• Cap Rate: 5.82%
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• No. Stories: 2
• Year Built: 1989
• Lot Size: 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".

• Scheduled Gross Income $172,680
• Total Expenses $36,000
• Net Operating Income $136,680