Description
PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 5 unit multi-family investment property located in the city of Pomona. Meticulously crafted by the original builder, the subject property has now made its debut on the open market for the very first time since the Townhouse units were constructed. The unit mix is comprised of a single story 3-Bed/1Bath single story cottage with 4 newer two-story Townhouse style units located to the rear. Tenants enjoy private two-car garage parking for each unit, private backyards, as well as private laundry hookups. Tenants pay for ALL utilities as the units are separately metered for electricity & gas and the seller charges the tenants for water and trash through a RUBS system. Although the owner has done a commendable job managing the property, they have been ultra conservative with the rental rates giving the next investor an upside potential of 9+% Cash-on-Cash return (with market rents in place.) Seller private financing terms; 30% down payment, 7% interest-only payments, due in 5 years.
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0BEDS
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0.44ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
PRIVATE SELLER FINANCING AVAILABLE! We are pleased to offer for sale this 5 unit multi-family investment property located in the city of Pomona. Meticulously crafted by the original builder, the subject property has now made its debut on the open market for the very first time since the Townhouse units were constructed. The unit mix is comprised of a single story 3-Bed/1Bath single story cottage with 4 newer two-story Townhouse style units located to the rear. Tenants enjoy private two-car garage parking for each unit, private backyards, as well as private laundry hookups. Tenants pay for ALL utilities as the units are separately metered for electricity & gas and the seller charges the tenants for water and trash through a RUBS system. Although the owner has done a commendable job managing the property, they have been ultra conservative with the rental rates giving the next investor an upside potential of 9+% Cash-on-Cash return (with market rents in place.) Seller private financing terms; 30% down payment, 7% interest-only payments, due in 5 years.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.