***Update: Now at a 5.71% cap rate on current in place rents. The previously vacant unit has been leased at $2,295 proving our market rents.* Perfect Owner/Occupied Opportunity with a 5 Unit beautifully rehabbed Craftsmen with 6% cash on cash. One Vacant Unit. Located in the Historic West Adams District, with Washer and Dryer in each unit, the property currently has a large vacant One Bedroom unit that can be converted into a 2+1 Flex unit. Rent for a similar One Bedroom craftsman in the area with added bonus room is asking $2,650 rent. Take a look at the cash flow analysis on page 31 of our OM that shows a scenario that would achieve a 7.4% cash on cash and an Average Annual ROI of 21.2%. This may be achieved by just doing minor upgrades to the one vacant unit and raising rents the allowable 3% per year which will more than double your investment in 5 years. Rents are as of Oct 1, 2019. *The figures above are merely projections to be verified by Buyer. Seller and his/her representati
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