Pride of ownership Covington style 4-plex in Santa Ana (really city of Orange) north of the 5 freeway. The unit mix includes (1) 3 bedroom 2 bath, (2) 2 bedroom 1 bath and (1) 1 bedroom 1 bath units. This property has approx. 4,066 Sq Ft of living space and is located on a large lot 8,276 Sq Ft with abundant off-street parking. 7 total garage spaces as the front unit has a double car garage and there are 5 single car garages as well (potential for garage income). Tons of amenities for the tenants that include private patios and or balconies, onsite laundry, forced air heating and wall air conditioning, and a fireplace with washer and dryer hook ups in the 3 bedroom unit. Roof has been replaced within the last 5 years and the building was freshly painted as well. The yearly gross scheduled income is excellent at $101,784 and still room to raise rent. Tenants pay for all utilities (they are billed directly for water and trash). This property has it all. Hard to find a value add deal with a going in cap rate of 4.4+%. Great for Owner Occupant!!!
Pride of ownership Covington style 4-plex in Santa Ana (really city of Orange) north of the 5 freeway. The unit mix includes (1) 3 bedroom 2 bath, (2) 2 bedroom 1 bath and (1) 1 bedroom 1 bath units. This property has approx. 4,066 Sq Ft of living space and is located on a large lot 8,276 Sq Ft with abundant off-street parking. 7 total garage spaces as the front unit has a double car garage and there are 5 single car garages as well (potential for garage income). Tons of amenities for the tenants that include private patios and or balconies, onsite laundry, forced air heating and wall air conditioning, and a fireplace with washer and dryer hook ups in the 3 bedroom unit. Roof has been replaced within the last 5 years and the building was freshly painted as well. The yearly gross scheduled income is excellent at $101,784 and still room to raise rent. Tenants pay for all utilities (they are billed directly for water and trash). This property has it all. Hard to find a value add deal with a going in cap rate of 4.4+%. Great for Owner Occupant!!!