Description
This 2 unit Duplex building is located in an extremely desirable area within West Hollywood. The physical property consists of 1,967 leasable SF, well situated on a 6,372 sf lot. he property is currently 100% leased to two month to month tenants. The two 2 bedrooms and 1 Bath apartments are leased for $1,550.00, grossing $37,200 per year. The tenants pay all utilities. After all expenses this property is netting $24,004 per year providing an investor with a 4% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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1,776SQFT
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$337$/SQFT
School Ratings & Info
Description
This 2 unit Duplex building is located in an extremely desirable area within West Hollywood. The physical property consists of 1,967 leasable SF, well situated on a 6,372 sf lot. he property is currently 100% leased to two month to month tenants. The two 2 bedrooms and 1 Bath apartments are leased for $1,550.00, grossing $37,200 per year. The tenants pay all utilities. After all expenses this property is netting $24,004 per year providing an investor with a 4% actual capitalization rate at full asking price. Month to month tenancy allows investor to raise rent post closing.
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