Courtesy of: Mazdak Sarehkhani, Mazdak Sarehkhani, MSarehkhani@gmail.com
Courtesy of: Mazdak Sarehkhani, Mazdak Sarehkhani, MSarehkhani@gmail.com
$699,990
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1 bed
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4.00 Bath (4 Full)
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Lot: 2,553.00 Square Feet
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Quadruplex
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$699,990
2114 W Florence Avenue $81, 400 annual income potential with ACTUAL INCOME OF $78, 600 with GOVERNMENT VOUCHER TENANTS in place (all expect one tenant). This QUAD is great addition for any buyer/ investors who would like to have a positive cash flow from day way. ZONED FOR A MOTEL- BUYER TO VERIFY! The units are THREE studios and ONE - 1 bedroom 1 with all of them being updated/ remodeled except one with which has the longest staying tenant. All month to month tenants except one and 3 of them are due for a rent increase. Tenants are mix of section 8 and other government subsidies and one traditional tenant with all rents always being paid on time and super easy going tenants. The rents are $1750, $1600, and $950 for each studio and $1850 for the 1 bedroom (all section 8 or other government granted vouchers except the$950 paying tenant who's a traditional tenant. In addition, the 3 parking spots in the back are rented out to a separate entity at $400/ month with a 1 year lease agreement (8 months to go). A TOTAL OF $6500 monthly income or $78, 30000/ annual income (including the parking's income). You wont find a more secured and better investment than this! secured and better investment than this!
Courtesy of: Mazdak Sarehkhani, Mazdak Sarehkhani, MSarehkhani@gmail.com
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