Monday, May 19, 2008

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





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