We are pleased to offer for sale this 5 Unit multi-family investment located in the city of Bell. The subject property is comprised of all single story residential units spread amongst 3 separate buildings. The front structure is a duplex style building with 2(1Bed/1Bath) units. The second building is a stand alone cottage style unit which is a 1Bed/1Bath unit. The last structure to the rear consists of 2 studio units of which were recently renovated with new cabinetry, flooring and fixtures. Tenants enjoy garage parking (5 garages) as well as gated private entry. All units are separately metered for electricity and gas, with the exception of the last 2 units which are mastered metered. Some units have interior washer/dryer hookups. Additionally, the plumbing has been partially upgraded to copper, and a portion of the windows have been upgraded to vinyl. With the current rental rates in place the subject property offers a 5.75% CAP RATE and a significant cash-on-cash return for the next investor.
Updated on February 4, 2019 at 11:13 am