Bread and Butter fourplex in West Covina comprising of a good mix of one 3-bedroom and three 2-bedroom.Yielding a cash on cash return of 7.5% and a cap rate of 5.27%.Upside potential with current below market rents. The ongoing rate for a 3-bedroom is $1,700+ and for a 2-bedroom is $1,400.The 3-bedroom and one of the 2-bedroom have just been remodeled. All units are on month-month rentals allowing a new owner to realize, within 2 months of purchase, this property full potential @5.8% cap rate and a GRM of 10! You can't find a better deal in the San Gabriel Valley.
* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.