Attention Investers! This westside income property comprises a 3680 SF fourplex with 4-2 BR units. Features include off street parking, complete renovation of all 4 units in 2007, laundry facilities, 4 storage units, fully rented, private front entries, all newer windows, doors, exterior paint and fencing.Each unit is equipped with a range, refrigerator, dishwasher. water heater and air conditioning. Unit 1 is 960 SF and rents for $615 per month. Units 2, 3, and 4 are 800 SF and rent for $605, $615 and $600 respectively. The laundry generates approximately $80-$100 per month. Total gross income is $2510 per month or $30,120 per annum. Annual operating expenses are, property taxes $2757 in 2011, insurance was $1200 and utilites were $2305. History to date: The building was purchased in September of 2007. At that time, only one unit was rented. During the past three years, the building has been completely renovated and all of the units are currently rented. The current tenants pay their rent in full and on time. They take pride in the building's appearance, and they have enhanced the garden area in the front.Renovations and Repairs: The exterior has all new windows, new doors, house numbers, and dawn-to-dusk lights as well as new exterior flood lights. It was completely painted last year. There is new fencing separating the apartment from the adjoining medical facility. The interiors have been renovated with all new paint, new carpeting and pads, new vinyl floors, new light fixtures and blinds, new kitchen and bathroom vanities, new sinks and faucets. There are many newer appliances; all of the stoves, some refrigerators and some water heaters and all air conditioning units. The utility room has been completely painted. New vinyl floor covering and a new water heater have been installed. The door has been refit with an automatic locking device to safeguard the tenants and their belongings in the storage lockers.
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