Long Beach, California Must Sell NOW..
Two 9 Unit Buildings next to each other totalling 18 Units with a Court Yard. Mix includes 12- 2 Bedroom x 1 Bath and 6- 1 Bedroom...
Apartment Building - Rhea Investments
Status: Price: Bldg. Size: Units: Cap Rate: Primary Type: Sub-Type:
Active $585,000 4,310 SF 6 9.40% Multifamily Garden/Low-Rise
Highlights
Self Manageable Units
Non Rent Control Area
On Site Laundry, Secured Parking
Renovated Units
Cap Rate 7.79, C/C ROI:9.0%,
Great Unit Mix
Description
Must Sell NOW.. Two 9 Unit Buildings next to each other totalling 18 Units with a Court Yard. Mix includes 12- 2 Bedroom x 1 Bath and 6- 1 Bedroom x 1 Bath units. Excellent Bread and Butter units in residential NON RENT CONTROL area of Long Beach, There are Secured Garage Parking each separately rented out, Two Laundry Rooms on Site. What a Buy....
Located near Atlantic Blvd; and Pacific Coast Highway intersection, close to all major Freeways (710,405 &91), Long Beach Memorial Hospital, commercial district, and schools.
