Best Cash Flow Opportunity for 4 units on the market. 6.15% cap rate, 10.5 x gross. Tenants pay all utilities! 4 detached homes on 1 lot in La Colonia area of Oxnard. Extensively rehabbed over the last 3 years including, but not limited to: 80% of walls taken down to studs, re-wiring and plumbing upgrades and new fixtures, electrical, doors, exterior painting. Interiors received new flooring, trim, paint and more. Tenants pay ALL utilities (electric, gas, water and trash separately metered) giving new owner a low expense investment. (2)-car garage not presently being used offers extra income potential. Unit mix is 3 bed, 1 bath house; (2) 2 bed, 1 bath homes and a 1 bed, 1 bath home. Front 2 houses have small front yards. In addition to garage there are 4 uncovered parking spaces in rear. Property lends itself very well both as an investment property and as an affordable option to live in one unit and use other 3 units to help pay mortgage. Brokered And Advertised By: The Channel Group Listing Agent: Nick Henry
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