Looking For A Small Apartment Investment…? These Might Work For You…
Here’s My Profile of Two Small Apartment Buildings.
Lets start with a property that was on the market a few months back… didn’t sell, is now back on the market for sale.
7761 Lialana Way, Citrus Heights, Ca
An 8 unit complex consisting of all 2 bedroom 1 bath units.
They include Central Heat and Air, small patios or balconies. The listing agent says in the listing offering a New Roof was installed in 2007.
List Price: $535,000
Click here for the estimated cash flow analysis
Click on the picture above for a short Video of the exterior of this property.
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The other one is located at 5432 Olympic Way, Sacramento, Ca 95842
This one is unique because it sits at the end of a cul-de-sac and consists of (6) 2 bedroom 1.5 bath Town House style apartments in a street comprised mostly of duplexes and another nice 8 units across the street.
There’s a large park that can be accessed by the tenants who live in this building.
List Price is $495,000
Click here for the estimated cash flow analysis.
Click on the picture above for a short Video of the exterior of this property
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Both of these properties need some work. I’m not talking major structural stuff. No we’re talking about the curb appeal and deferred maintenance that exists on both. These are the kinds of properties if fixed up, will generate a better class of tenant and enhance the neighborhood instead of being somewhat of an eyesore.
By the way… All of the numbers you see in those “pro-forma” cash flow analysis’ are “estimates”.
If anyone that checks in on this site and is interested in these or any other properties, please send me a note or call me.
In the mean time…?
Make it a Great Day…!
Ed Favinger, Broker CRS, GRI, SFR, CDPE favinger@rwnetwork.com 916-203-1260
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