Rockinghorse Road Apartments 13052 Rockinghorse Rd 8 Unit Apartment Building $2,498,000 ($312,250/Unit) 6.02% Cap Rate Garden Grove, CA 92843

PRIDE OF OWNERSHIP ASSET AT A 6.02% CAP RATE ON ACTUAL RENTS! Alliance Investment Real Estate Group, as the exclusive listing agent, is pleased to offer for sale this well-located property in the highly desirable rental market of Garden Grove. This asset provides a unit mix of 1 bedroom units that have ALL been completely gutted and renovated with ENTIRELY new kitchens, bathrooms, and flooring! The exterior has also been completely renovated with a new roof, fascia, paint, stucco, vinyl windows, entry doors, garage doors, exterior lighting and new concrete throughout the entire property. The entire property was also just recently re-plumbed with new gas lines for each unit. There is also a renovated laundry room with two washers and two dryers that are owned! Each unit also includes A/C units. There are also garages for each unit for tenants to enjoy and a RUBs program in place for tenants to reimburse the owner for utilities which keeps operating expenses low. Actual in place rents are also very strong allowing a new owner to have great cash flow from day 1 without the need to significantly raise rents.
PROPERTY SOLD IN AS-IS CONDITION, BUYER TO VERIFY YEAR BUILT AND SQUARE FOOTAGE WITH THE CITY, AND SOLD AS IS. Agents/Broker of Record takes no responsibility for the accuracy of this information. All information is deemed to be reliable, however, buyer to verify all information & to conduct their own due diligence. Please call listing office for more information.NO OFFERS WILL BE CONSIDERED OR ACCEPTED BEFORE CALLING AGENT FIRST TO DISCUSS AT: 949-250-0400.