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Anthony Napoli

realestate@anthonynapoli.com +1(619) 750-3558

$1,250,000

Est. payment - /mo

2 Beds

2 Baths

3,478 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25199885

Bedrooms 2

HOA Fees $795/mo

Lot Size 3,478 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Major price reduction, End of year SALE ! $9,000 rent per month With normal operating expenses this investment has a Cap Rate of 6.67%, which is much higher than the normal CAP rate range of 4 to 5% for this type of investment. Net Operating Income (NOI) is estimated at $83,370. The GRM is 11.6 The HOA monthly dues are $265 for each unit; the benefits to the owner are: no fire insurance expense, no utility bills, no landscape/gardener bills, no pool service bills, no grounds maintenance expenses, no laundry room maintenance, no roof expenses, no building maintenance expenses, no patrol service expenses, no trash removal expenses, no exterior plumbing expenses, no exterior electrical expenses. Since the HOA takes care of all exterior maintenance and repair problems this investment takes very little time to manage. All three units are tenant occupied with Apartment Association formatted leases that protect the lessor. The 59 photographs include 16 exterior and 43 interior photos. The three Units have almost the same floor plan, so the 43 interior photos represent all three Units. All three units have 972 sq feet of living area, 2 bedrooms, 2 bathrooms, a laundry room between the kitchen and main bathroom, a very large family room open to the dining area and kitchen, and garage parking. Two of the units have fireplaces. There are no vacancies nearby with all these features; the rare inclusion of both a laundry room and garage parking with each unit makes it very easy to find new tenants when a tenant does leave. 2115 Broden St. is an ideal investment for an investor who wants

Location

State CA

County Orange

Zoning Assessor

Direction Harbor Blvd to Orangewood east to Broden Street, south to 2115

Interior

Cooling Wall/Window

Fireplace No

Exterior

Pool Below Ground

Utilities Available Sewer Connected

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

HOA Name Holiday Harbor HOA III

HOA Fee Include Limited Insurance,Sewer,Trash Pickup,Water

Senior Community No

Tax ID 93017410

Acceptable Financing Cash, Conventional, Seller May Carry

Listing Terms Cash, Conventional, Seller May Carry

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Listed by Rick Violett, DRE#00490471 Investment Brokers O.C.

Nearby School & Business

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Anthony Napoli

+1(619) 750-3558

Agent License ID: 01311452

2115 Broden Street Anaheim, CA 92802

Anthony Napoli

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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