PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 5 unit multi-family investment located in north Monrovia. Situated just 2 blocks from downtown, the subject property is located in a prime rental area of the city. Unit mix is comprised of ALL 3-Bedroom/1.5 Bathroom units for a total rentable square footage of 4,995 SqFt. Tenants enjoy onsite parking, an onsite laundry facility and some units offer private patios. All units are separately metered for electricity and gas while the owner pays for water and trash. The current owner has held the property for a number of years and has kept the rental rates well below market level. With the right repositioning strategy the next investor can enjoy a substantial 40%(+/-) upside in rental income as they bring the rental rates to market rate. Seller Financing Terms: 30% Down Payment, 5 Year Term, 5% Interest Rate, Interest Only Payments.
PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 5 unit multi-family investment located in north Monrovia. Situated just 2 blocks from downtown, the subject property is located in a prime rental area of the city. Unit mix is comprised of ALL 3-Bedroom/1.5 Bathroom units for a total rentable square footage of 4,995 SqFt. Tenants enjoy onsite parking, an onsite laundry facility and some units offer private patios. All units are separately metered for electricity and gas while the owner pays for water and trash. The current owner has held the property for a number of years and has kept the rental rates well below market level. With the right repositioning strategy the next investor can enjoy a substantial 40%(+/-) upside in rental income as they bring the rental rates to market rate. Seller Financing Terms: 30% Down Payment, 5 Year Term, 5% Interest Rate, Interest Only Payments.