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Description

Fantastic opportunity to purchase a well maintained Monrovia apartment property that provides consistent and predictable rental income. PLEASE NOTE: The property consists of 7 units plus 2 legal, non-conforming units for a total of 9 rental units (Buyer to verify). Situated on a corner, the double lots combined are about 12,921 SF in total. With a variety of unit types, these apartments appeal to variety of renters. The building consists of two 3 Bed + 1 bath units; one 3 Bed + 2 bath unit; two 1 Bed + 1 bath units and 4 Studio + 1 bath units. There are a total of 8 gas and 8 electric meters, so the landlord pays the gas and electricity for the two legal, non-conforming units, which are 1 Bed units. On-site parking include covered carport and open spaces accommodates for a total of 12 vehicles. Much of the plumbing has been updated with copper, the electrical breakers have been updated and a complete NEW roof about 5 years ago. Five units have individual water heaters and the four studio units are supplied by one central water heater with gas paid for by the landlord. There is a former laundry room that can be made active again for on-site laundry and additional income. PLEASE DO NOT GO ONTO THE PROPERTY, TALK TO OR DISTURB THE TENANTS. DRIVE-BY ONLY. Broker/Agents make no guarantees or warranties regarding property unit count. Buyer to independently verify unit count accuracy.

Details

Features

Interior

Parking

MLS Number: 25507137

Listing Provided By: Alexander Metaxas – ametaxas@riacre.com

Realty Investment Advisors, Inc.