Great investment opportunity with positive cash flow. Rare, triplex in highly desirable area of Orange. Located near Glassell St., south of Collins Ave. Only a few blocks from Chapman University. Single story units with a private, gated grass courtyard and all units have access to private, 1 car garages, plus an easy access driveway. The laundry room is equipped with coin operated washer and dryer, a wash sink and 3 water heaters, 1 for each unit. This property is only minutes away from Downtown Orange, various shopping centers, and multiple Freeway on-ramps.
Property Sub Type:
Triplex
Property Attached:
Yes
Lot Area:
6,595 sq. ft.613 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1955
(Age: 70)
General Listing Location:
Orange, 699 - Not Defined
County Or Parish:
Orange
Tenant Pays:
Electricity, Gas
Common Interest:
None
Gross Income:
$0
Gross Scheduled Income:
$61,720
Net Operating Income:
$43,552
Cap Rate %:
4.0
Rent Control:
No
Land Lease:
No
Fuel Expense:
$0
Gardener expense:
1200.0
Insurance Expense:
$2,200
Taxes expense:
11000.0
Operating Expense:
$18,168
Trash Expense:
$1,368
Water and Sewer Expense:
$2,400
Tax Lot:
18
Exit 55 Fwy, head west on Katella, turn left on Glassell, turn right on Mayfair