Property Type:
Commercial
Square Footage:
21,600
Lot Size (sq. ft.):
41,817
Status:
Closed
Current Price:
$4,500,000
List Date:
4/16/2015
Last Modified:
4/19/2021
Overview
Description
Jaffa groves Town Homes is offering this unique opportunity to own 4 buildings consisting of 25 town homes. The units are two stories with 100% occupancy and a waiting list of renters. The units are all two bedroom/one bath units with a mix of 860, 870 and 900 Sq. ft. units. This highly desirable multi-family unit offers investors the peace of mind year after year with a Net Income of $261,000 yearly and low maintenance due to its 50 year presidential roof and concrete parking lot. Investors can enjoy a 5.83% CAP rate. In addition to seeing the equity increase year over year due to its central location within walking distance to shopping, schools and a park across the street. contact 805-558-6069 for more information.
Listing Office:
Seven Star Properties Inc
Listing Agent:
Mamdouh R Elalami
| mamdouh@sevenstarproperties.com
Agent Email: mamdouh@sevenstarproperties.com
Last Updated: April - 19 - 2021
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
