****A perfect 1031 Exchange property with 100% Top Performing Occupied Units. Seller will carry with a minimum of 35% down at 3% interest only for six months to Balloon in six months which gives opportunity to refinance ****** Brand new electrical, plumbing, sewer, and much much more. This two story apartment building features eight (8) individual 1 bedroom/1 bathroom units, with each measuring approximately +/- read more 614 SF in size. All units extensively remodeled/renovated in 2019 with significant upgrades to kitchen area, living area, bedroom area, and bathroom areas. Kitchen upgrades include the latest in "lux" style kitchen features (i.e. thick granite counter tops, dark wood cabinetry, new stainless steel appliances (refrigerators, stove/oven combos, range hood/exhaust, etc.), and chef style deep sinks). Living area renovations include tile floors, wall thermostat controlled heaters, recessed lighting, ceiling fans, and dual pane/energy efficient exterior building windows. Bedroom upgrades include new floors, drywall paneling, closet doors, and lighting. Restrooms have new fixtures, flooring, plumbing, etc. Building features both front and rear door access/walkways, a large rear parking area (apprx. +/- 8 parking spaces), onsite 24 hour laundry room (additional supplemental monthly income for owners), and considerable long term cost savings/holding costs/required capital investments/ongoing maintenance costs.
The Neri Real Estate Group (NREG) is a full service real estate team, encompassing a market territory of Los Angeles, Riverside, and San Bernardino Counties. NREG clientele ranges from first time home buyers to multi-millionaires, who buy and sell single family residences, residential income properties, commercial income properties, and commercial retail sites.
Our mission is to leverage our expertise and assist read more our clients with buying, selling, or leasing real estate in the Southern California areas while maintaining a high standard of service, excellence, and personal integrity.