Excellent investment opportunity to own a well-located 6-unit multifamily property on California Avenue, situated just minutes from the Junction. Known as The Lori Dee, this classic two-story building features highly desirable, spacious layouts where each unit boasts its own private deck or patio surrounded by beautifully maintained landscaping. The… Read More property has been extensively modernized with major capital expenditures already completed, including a new roof, updated electrical panels, comprehensive PEX plumbing, and a new sewer liner to the main line connection. With all kitchens and bathrooms updated over the last ten years and the entire property meticulously maintained, it offers an investor immediate turnaround value with minimal upcoming CapEx. Additionally, tenants benefit from the premium convenience of six off-street parking spaces accessible via a clean, paved alley and also storage units & in unit washer/dryers. Read Less
Listing courtesy of Windermere West Metro
Listing Snapshot
Cumulative Days Active
0
Last Updated
Property Type
Multi Family
Square Ft.
3,949
Lot Size
0.13 Acres
Year Built
1966
Property Tax
$14,704
MLS Number
2602335
Additional Details
Building
Built in 1966, Built in 1996 (effective), 2 stories, Construction Materials: Brick, Wood
Cooling
None
Expenses
Electric: $507, Insurance: $5,083
Exterior Features
Brick, Wood
Floors
Vinyl, Carpet
Foundation
Poured Concrete
Heating
Baseboard, Wall Furnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $135,600, Net Operating Income: $104,011
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listings last updated on ,
Confirm your time
Fill in your details and we will contact you to confirm a time.