This duplex is a home run for a new investor or could be a grand slam for the experienced investor. Call listing agent for innovative business plans. The duplex on Morgan Ave. contains 2 units: (1) 3 bedroom, 1 bathroom unit and a rear unit that consist of 2 bedrooms 1 bathroom. Each unit comes with its individual Meters: Water, Gas, and Electric, that is right each unit has all of their utilities covered. The back unit was built in 1989 and is in great condition. An undeniable comparable to pay attention to is the property next door. The next door neighbor is the same square foot lot and zoning. It was redeveloped into 3 units and sold an unbelievable price of 1.7 M a few months ago. Property sits in an awesome "Opportunity Zone" designated for the redevelopment and the betterment of city. Taking proforma rent into scenario we are looking at a 6% cap rate in the City of Angeles, unbelievable !! Contact listing agent with more information on how to make pro forma a reality. It is absolutely DOABLE!!!
Listing Agent: Emmanuel Gamboa 02041836 Courtesy of: Excellence Exclusive Real Estate "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 5th July, 2022 7:58 PM (UTC)
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