We are pleased to exclusively offer for sale this 5 Unit "pride of ownership" multi-family investment in the city of Monrovia. The subject property is comprised of 1(2Bed/1Bath) single level "owner's unit", 3(2Bed/1Bath)s & 1(1Bed/1Bath) unit for a total rentable square footage of 4,481 SqFt. The subject property is situated on a 10,635 sqft lot and offers garage parking and an onsite laundry facility. Tenants pay for their own electricity and gas usage while the owner pays for water and trash. The current owner has held the property for a number of years and the rental rates have been kept well below market level. With the right repositioning strategy the next investor can enjoy substantial upside in rental income as they bring the rental rates to market level which amounts to 27%+/-. One visit to this property will demonstrate the meticulous care the property has received under the current ownership.
We are pleased to exclusively offer for sale this 5 Unit "pride of ownership" multi-family investment in the city of Monrovia. The subject property is comprised of 1(2Bed/1Bath) single level "owner's unit", 3(2Bed/1Bath)s & 1(1Bed/1Bath) unit for a total rentable square footage of 4,481 SqFt. The subject property is situated on a 10,635 sqft lot and offers garage parking and an onsite laundry facility. Tenants pay for their own electricity and gas usage while the owner pays for water and trash. The current owner has held the property for a number of years and the rental rates have been kept well below market level. With the right repositioning strategy the next investor can enjoy substantial upside in rental income as they bring the rental rates to market level which amounts to 27%+/-. One visit to this property will demonstrate the meticulous care the property has received under the current ownership.