Saturday, March 29, 2008

Alhambra Residential Income

List Price: $789,000

Total Units: 3

Year Built: 1923
Sqft: 3,140

Gross Schedule Income: $37,800
Operating Expense: $6,800
Net Operating Income: $31,000
Total Annual Operating Exp: $6,930
Separate Water Meters: 1
Separate Gas Meters: 3
Separate Electrical Meters: 3

Property Description: Well maintained 2- story property. Great curb appeal .Features; Large 1286 sqft. 2bed- 1-bath with laundry room upstairs great for owner to live in ,with additional room being used as 3rd. bed now. Plus large 1bed-1bath dupplex downstairs {927 sqft each] each with own laundry room. All units are rented {rents are very low} Tenants on a month to month lease. Large fenced back yard with 3- one car garages --plus additional R.V or additional space for 4 more cars in back. Easy alley access to garages. Property has been upgraded with; All copper plumbing, electrical boxes- fixtures ,custom windows, kitchen cabinets, flooring ,bath sinks,tubs etc. All units have hardwood floors {now carpeted } Make offer subject to inspection. Drive by- only Please call agent for additional info Thank You!



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