Description
A great Turn-Key Investment Opportunity with a HIGH Rental Income. The seller is offering two Fourplexes to be sold together or Separately- 1102 N French St. & 1104 N French St. Income is $11,850 for 1102 and $11,950 for 1104 that's a total of $23,800 Per Month for all 8 units. Good unit mix, with a shared common driveway. ALL UNITS FULLY REMODELED. All leases are at market rent. Remodeling included ALL new Kitchens, ALL new Bathrooms, ALL New flooring and Paint, Partial New Plumbing and Electrical. The front units also come with their own laundry room inside the unit. Most units include a wall mounted A/C. Separate Electric meter in 7 of the units. Excellent cash flow and a High CAP Rate of 6.2% and GRM of 12. Units ranging from 1 Bedroom/ 1 Bath to 3 Bedrooms/ 2 bath. The fact that these are separate Fourplexes presents an opportunity to obtain Either, 2 residential loans OR a commercial loan- Buyers to further investigate their best options. Parking is mixed with some garages and some uncovered parking on the premises. Six of the units are rented Fully FURNISHED, to help bring top-dollar rents. All Brand-New Appliances and Furniture convey with the sale. This is a rare opportunity and by far the best deal in town. The property is located on a quiet street, well established, clean and safe north of downtown Santa Ana. The French Park neighborhood is very desirable and is one block from OCSHA By Washington and Main. Tax records shows the Effective Year Built for 1102 N French as 1923, and for 1104 N French as 1966. Please do not disturb the tenants if driving by.
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0BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
A great Turn-Key Investment Opportunity with a HIGH Rental Income. The seller is offering two Fourplexes to be sold together or Separately- 1102 N French St. & 1104 N French St. Income is $11,850 for 1102 and $11,950 for 1104 that's a total of $23,800 Per Month for all 8 units. Good unit mix, with a shared common driveway. ALL UNITS FULLY REMODELED. All leases are at market rent. Remodeling included ALL new Kitchens, ALL new Bathrooms, ALL New flooring and Paint, Partial New Plumbing and Electrical. The front units also come with their own laundry room inside the unit. Most units include a wall mounted A/C. Separate Electric meter in 7 of the units. Excellent cash flow and a High CAP Rate of 6.2% and GRM of 12. Units ranging from 1 Bedroom/ 1 Bath to 3 Bedrooms/ 2 bath. The fact that these are separate Fourplexes presents an opportunity to obtain Either, 2 residential loans OR a commercial loan- Buyers to further investigate their best options. Parking is mixed with some garages and some uncovered parking on the premises. Six of the units are rented Fully FURNISHED, to help bring top-dollar rents. All Brand-New Appliances and Furniture convey with the sale. This is a rare opportunity and by far the best deal in town. The property is located on a quiet street, well established, clean and safe north of downtown Santa Ana. The French Park neighborhood is very desirable and is one block from OCSHA By Washington and Main. Tax records shows the Effective Year Built for 1102 N French as 1923, and for 1104 N French as 1966. Please do not disturb the tenants if driving by.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.