is pleased to present an opportunity to acquire a three-unit apartment building in the city of Orange. The building consists of one 2B/1BA unit and two 1BA/1BA units. The property is separately metered for gas and electric and has individual water heaters for each unit, and included owner owned laundry machine. Each unit comes with an large separate enclosed garage with plenty of storage. The property has gone through major exterior renovation by the current owner. Details of the rehab are included within the offering memorandum. Please contact listing agent for package. This opportunity allows an investor to acquire an asset in a sub-market of Orange that historically is in high demand with only a handful of buildings selling each year. An investor can raise total returns by simply raising rents to market given the demand in that area. Furthermore, with the improvements made a prospective investor would be acquiring a property that has gone through an extensive rehab providing great curb appeal for prospective tenants. Located off Mayfair and Glassell, this property is only a short walk, or bike ride to Chapman University or Downtown Orange.
Listing courtesy of Sheil Stampwala from Marcus & Millichap RE Invest
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