This property is Off-Market
565 E Lemon Ave
Glendora, CA 91741 ·
4 Units · Multifamily For Sale
Glendora 4 plexes
|Price||N/A||Property Use Type||Investment|
|No. Units||4||Gross Rent Multiplier||10.90|
|Building Size||3,820 SF||Occupancy||100%|
|Property Type||Multifamily||Year Built||1964|
|Property Sub-type||Duplex/Triplex/Fourplex||Lot Size||0.28 AC|
|Listing ID: 13719578||Date Created: 06/23/2003||Last Updated: 09/30/2003|
Two, 4-Unit Apartment Buildings for sale
These are easy to rent units; show pride of ownership, and are well located. Units like these seldom come on the market! Side by Side matching 4-unit apartment buildings (total of 8 apartment units/ two buildings) to be sold together. Owner would prefer to carry the financing with a minimum of 25% down payment at mortgage rates equivalent to market. Total of 8 apartments, each are 2 bedroom/2 bath with forced heating and fireplace, all single story units, carports, laundry facilities for each building. Approximate square footage of each 4 unit building is 3820. Terrific location and lots of upside potential. Present rents are low, but we feel the market rents could easily be $1100 to $1350 per unit.
increased rents would produce a good positive cash flow after all normal monthly expenses, taxes, and mortgage payments based on 25% down payments and interest rates of approximately 6% fixed / 30 year loans.
$579,900 Sale Price (each 4 unit building)
$144,975 (25% down)
North of Route 66 in Glendora Califonia, East of Pasadena Ave.
- Well loctaed, spacious, single story units with fireplaces!
- Ample parking
- Easy to rent
- Pride of ownership
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