Description
The Brownwood 4-plex apartments offer an investor a unique opportunity to acquire a cash flow asset in turnkey condition in a historically high occupancy neighborhood of Anaheim. The building features all 2 and 3 bedroom apartments which are all occupied with rent levels near market rent levels. The three 2 bedroom units have been completely remodeled from the kitchens to the bathrooms. The upgrades for each include new double paned vinyl windows, laminated plank flooring throughout, tiled floors in the bathrooms, new wall heaters and wall A/C units, new kitchen cabinets with quartz counter tops, sinks, and appliances along with upgraded electrical panels and circuit breakers. The total cost of the recent improvements is over $240,000 ensuring the next owner should have little to no deferred maintenance issues for the foreseeable future. With a current income just under $8,000 a month, the Brownwood apartments boast a current cap rate approaching 5% which will yield a positive cash flow for any investor operator.
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
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4,446SQFT
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$314$/SQFT
School Ratings & Info
Description
The Brownwood 4-plex apartments offer an investor a unique opportunity to acquire a cash flow asset in turnkey condition in a historically high occupancy neighborhood of Anaheim. The building features all 2 and 3 bedroom apartments which are all occupied with rent levels near market rent levels. The three 2 bedroom units have been completely remodeled from the kitchens to the bathrooms. The upgrades for each include new double paned vinyl windows, laminated plank flooring throughout, tiled floors in the bathrooms, new wall heaters and wall A/C units, new kitchen cabinets with quartz counter tops, sinks, and appliances along with upgraded electrical panels and circuit breakers. The total cost of the recent improvements is over $240,000 ensuring the next owner should have little to no deferred maintenance issues for the foreseeable future. With a current income just under $8,000 a month, the Brownwood apartments boast a current cap rate approaching 5% which will yield a positive cash flow for any investor operator.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-15T07:31:35.67. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Vogler Feigen. Licensed in the State of California, USA.