INC PROP IS ABOUT THE INCOME IT PRODUCES. EVERY INCOME PROP HAS A CAP RATE. CAP IS THE RELATIONSHIP OF THE NET OPERATING INCOME (NOI) TO THE PRICE, EXPRESSED AS A PERCENTAGE. NOI SHOULD INCLU EXPENSES, NEW TAX,NO DEBT. CAP RATE CAN BE CALC, COMPILED AND AVER ON BOTH ACTIVE AND SOLD PROP ALLOWING COMPARISON OF PROPS THAT AREN?T IDENTICAL. THE LOWER THE CAP= HIGHER PRICE. EXCLUDING ONE ACTIVE PROPERTY THAT HAS PROFORMA INCOME ONLY, THE AVER ASKING CAP IS AROUND 3.9% FOR 1-4 UNIT INCOME PROP IN AZ. THE SUBJECT HEREIN IS AT 5.41%. THE AVERAGE SOLD CAP IS 5.55%. IF YOU DIVIDE THE NET OPERATING INCOME (NOI) BY THE AVERAGE ASKING CAP RATE OF 3.9% THE LIST PRICE FOR THIS PROPERTY WOULD BE AT $1,012,179. SEEM A LITTLE HIGH TO YOU? OF COURSE. YOU COULD ALSO TAKE ANY OF THE OTHER ACTIVE LISTINGS NOI AND DIVIDE IT BY THIS PROPS CAP RATE OF 5.41% TO SEE WHAT PRICE IT WOULD TAKE TO GET 5.41% RETURN i.e. 1 LISTED AT $650K, $20,391 NOI/5.41%= $376,913. IN ORDER TO GET A 5.41% RETURN ON THAT PROPERTY YOU WOULD NEED A $273,087 DISCOUNT OFF THE $650,000 LIST PRICE (CALLED NET PRESENT VALUE). DRIVE BY ONLY, SUBJ TO INTERIOR INSPECT BUT THE IMPORTANT THING IS PRESENT....THE MONEY! ALL UNITS HAVE 1 CAR GAR PLUS DRIVEWAY PARKING. DUPLEX AND 3BR HSE TEN PAY GAS ELECT GARDENER
Owner may carry a first TD with as low as 15% down for a qualified buyer. Newer built units, which make it a great investment for a seasoned or starting investor. Both units are rented now with a potential upside in the rent. Each unit has 2 bedrooms and 1 1/2 baths with a two car garage, which makes it very convenient for the tenants. Visit us at www.MARKandAL.com or call 626-335-6000
Location! Location! Location! Great multifamily investment property. Live in one, rent the other or rent them both! Two on a lot. Centrally located income property in established residential area in beautiful Azusa. Near shopping, freeways, employment and schools. Front house offers 3bedrooms, 1bath, small patio area and green front yard. Back house sports 2bedrooms, 1bath, with front area for kids to play and enough room for two cars. Long term tenants on month to month. DO NOT DISTURB OR CONTACT TENANTS, DRIVE BY ONLY!
Age: Over 50 Years Old
Amenities: Lawn, Patio
Architecture Style: Other
Parking Type: Assigned, Covered, Driveway, Off Street, Unassigned
Beautifully landscaped duplex in a quiet neighborhood in Azusa. Conveniently located near 210Freeway and shopping centers. Unit One is a one bedroom one bath with a spacious living room, upgraded kitchen unit two is a two bedroom one bath with garage. Gated parking area. Metrolink coming soon which will be an asset. Both units rented an excellent investment.
GREAT 2 separate homes, located in a very desirable neighborhood in Azusa. The Front unit features Good size Living room, Kitchen, 2 bedrooms, 1 Bathroom, bonus room. separate laundry room. Rear unit features living room, kitchen, 1 Bedroom, 1 Bathroom, large lot, Long driveway