Description
Excellent turn-key investment. A great opportunity to own a beautiful duplex, centrally located in Arden Arcade on a quiet street with large yards. Both units have 2 Bedrooms, 2 Full Baths, & 2-Car Garages, featuring spacious Living Rooms w/ vaulted ceilings & cozy fireplaces, large Dining areas with sliding doors to patios and large private backyards. Master Suites & laundry hook-ups. Tenants pay ALL utilities. Close to everything; award winning schools, shopping, parks & freeway access. PLEASE DO NOT DISTURB THE TENANTS. Both units are rented. Total annual rents are $40,680. GRM is 17.18 and 5.82% Cap Rate. Similar units in the neighborhood recently rented for $2,095 per month. Potential annual rents of $50,280 with a GRM of 13.90 and 7.2% Cap Rate! A fantastic investment opportunity.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Excellent turn-key investment. A great opportunity to own a beautiful duplex, centrally located in Arden Arcade on a quiet street with large yards. Both units have 2 Bedrooms, 2 Full Baths, & 2-Car Garages, featuring spacious Living Rooms w/ vaulted ceilings & cozy fireplaces, large Dining areas with sliding doors to patios and large private backyards. Master Suites & laundry hook-ups. Tenants pay ALL utilities. Close to everything; award winning schools, shopping, parks & freeway access. PLEASE DO NOT DISTURB THE TENANTS. Both units are rented. Total annual rents are $40,680. GRM is 17.18 and 5.82% Cap Rate. Similar units in the neighborhood recently rented for $2,095 per month. Potential annual rents of $50,280 with a GRM of 13.90 and 7.2% Cap Rate! A fantastic investment opportunity.
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