Monday, May 19, 2008

Arcadia Residential Income Property 3 Units $739,000

Yr Built: 1950
SqFt: 2,108
Lot SqFt: 7,497

Description: Triplex in desirable location! Front unit has a 2 bedroom, 1 bath, Rent $1,595. Large kitchen & dining area, living room & front yard. The 2 units in the back have 1 bedroom, 1 bath each w/kitchens & dining area, rent $1,295 & $1,195. Al 3 units have their own laundry room with laundry hookups. 4 car enclosed garage is at the back of the property. All units have window air conditioners and fan lights too.

Gross Sched Income: $49,020
Net Oper Income: $43,120
Operating Expense$/%: $5,900

Sprte Elctrc Mtrs: 3
Gas Meters: 3
Water Meters: 1


Arcadia Residential Income Property 6 Units $1,188,000

Yr Built: 1957
SqFt: 3,264
Lot SqFt: 14,736

Units: 6
Bldngs: 2

Tenant Pays: Cable TV, Electricity, Gas
Description: Great pride of ownership units on a cul-de-sac of similar properties. All single level units, 2 up and 4 down. Coin-op laundry. Well set back from the street with a large expanse of lawn. 10 off street parking spaces with 6 covered at the rear of property. Two units totally redone, including carpet and flooring, when recently vacant. All units currently rented. New roof 3.5 years ago. New main sewer line. All units 1 Bedroom, 1 Bathroom, Rent $895 to $995.
Sellers choice of services.Room to add more units.Please check with city.

Operating Expense$/%: $5,684
Gross Sched Income: $67,020
Net Oper Income: $61,336

Sprte Elctrc Mtrs: 7

Gas Meters: 7
Water Meters: 1