Great 6 unit Apartment Building located in a excellent location of Compton, walking distance to Shopping Center (Starbucks, TGIF's, 24hr Fitness, Best Buy, Target, Crystal Casino, El Camino College and Compton High School). Long term tenants 8+ years. Leases set to expire, can make room to increase rents via Garage Rent and also installing a laundry room to accept quarters/laundry card, hook ups already there. Not rent controlled. Well maintained building, just needs cosmetic updates.
Huge Units in great rental area. Close to transportation and all services. Your buyer can live in one unit and collect an additional 2973 toward the monthly payment. Historically low interest rates along with 3.5% FHA down payments can result in cash flow from day 1. Low maintenance building in an outstanding rental area. Carport parking. With 3% yearly rent increase, additional income goes to 3062 in year 2 and 3154 in year 3. Expenses are estimated. Call for more information.