PRIVATE SELLER FINANCING! 7 Single Story Units!
PRIVATE SELLER FINANCING! Potential 9% Market Cash Return! Kristopher German is pleased to exclusively offer for sale this 7 unit multi-family investment located in the strong rental market of South Gate. The property is comprised of 3 separate single story structures situated on two adjoining parcels for a total land size of 16,627 SqFt. The 7 rental units are spread amongst two triplexes (Six-1Bd/1Ba Units), and 1 cottage style unit (2Bd/1Ba). All units are separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy onsite garage parking and laundry room (laundry not currently being utilized.) All tenants are long term as the current owner has kept the rental rates significantly below market level. The property is in need of some minor repair, but a new investor can take advantage of this value-add opportunity and increase the rental rates by as much as 45% from what is currently being collected. The seller will provide private financing with the following terms: 25% down payment, 4.5% interest only monthly payments, for a 5 year term or less, with no prepayment penalty. Excellent opportunity for any investor looking for a "fixer-upper."
From 710 Freeway, Exit Firestone and head west. Turn south on Evergreen and west on Willow.
