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6 Plex Steal In Ventura! 7.99% Cap Rate At $699k

6 Plex Steal In Ventura! 7.99% Cap Rate At $699k
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Posted By:
Christopher Burton
Posting ID:
4063e4356
Location:
Ventura, Ca
Telephone:
8057961335
Tags:
 deal   multi   family   buy   and   hold   investment 
Price:$699,000
Listing Type:Multifamily For Sale
Year Built:1950
Address:
Thompson And Palm
Ventura, CA 93035

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DEAL! 6 Units in Ventura, CA 2 Blocks from Beach! $699k. 7.99% Cap Rate. Fully leased up, month to month, no major deferred maintenance. Make me an offer!

4 2+1's, $1200
1 1+1, $950
1 Studio, $900

$6650/month gross, once rents raised.

Current total monthly rents (haven't been raised since 2004!) $5400/month.

Comps on Current Rent Values: $6650/month...$79,800/year.

Less 30% for costs/fees/maintenance: Net Operating Income: $55860.

Cap Rate at $699k: 7.99%. Not bad.

Contact me for info.

Located in Historic Downtown Ventura, CA. 2 Blocks from the Beach, 2 Blocks from the Ventura County Fairgrounds.
In the Downtown Re-development district by the city. LOTS of new construction/renovation nearby.

Built in the '60's.

GREAT DEAL!

99% occupancy for last 7 years.

All current tenants on month to month leases.

Let's make a deal!

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