Proforma rents will give you a 5.3% cap rate. All units are month-to-month agreements. Large well maintained Triplex. 3 large units all w/open floor plans. Over the past 5 yrs the bldg has had a new roof, Double Pane windows, New wall A/C & heater systems, new security cameras all around the building, motion detectors & monitoring equipment, new security front gate, New premium quality heavy duty steel security screens on all front doors. Newly remolded 3 bed/2 bath w/1,335 sq ft. has beautiful wood laminate flooring throughout. Kitchen has new cabinets, granite counters, & tile floors. Bathrooms have granite counter tops & tile flooring as well. Master has floor to ceiling closets, New interior doors, New blinds throughout, Scraped ceilings, New concrete patio in the back yard (drought friendly landscaping). All 5 single car garages have new roll up doors & storage area inside, interior lights & new lights outside above each garage. Newly pressure washed exterior. Both 2 beds both have very large living rooms and kitchens w/lots of cabinet space. Both bedrooms are large w/walk in closets. Large separate laundry room has full sized side-by-side coin operated washer & dryer including wood cabinets with tons of storage. Everything in the owners garage stays incl; desk w/computer monitor, Craftsman tool cabinet & all tools, New vise clamp on work bench, shop Vac, grinder. Great up-and coming area in Long Beach. Check out the financial analysis in the supplements link.
Listing courtesy of Cassidy Tutt from WGroup Realtors
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