Ridgeway Apartments
202 S. Ridgeway St. Anaheim
DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.
Offered
at:
$1,595,000
Property Description
Large 4 plex located on corner lot. First time on the market in 28 years. Excellent unit mix of two 3 bedroom 2 baths and two 2 bedroom 2 bath units. Front unit has fireplace. All units have patios or balconies. Five enclosed garages. The structure is approx. 4,437 square feet and boasts spacious 2 and 3 bedroom units. Tenant amenities include: enclosed patios, central heat, onsite laundry, garbage disposals, and single-car enclosed garage parking. Convenient walking distance to many shopping centers, bus stops, eateries parks, elementary schools, and banks. Long-term tenants. Significant upside in rents. Market rent GSI is $117,600. See unit breakdown for individual market rents. One of only seven 4 plexes currently on the market in Anaheim.
Current Income
| 3 bedroom 2 bath | $1,600 |
| 3 bedroom 2 bath | $1,410 |
| 2 bedroom 2 bath | $1,360 |
| 2 bedroom 2 bath | $1,360 |
| Monthly Total | $6,330 |
Cash Flow Analysis
| Gross Scheduled Income | $75,960 |
| Operating Expenses | $15,192 |
| Net Operating Income | $59,249 |
Acquisition Data
| Down Payment | $558,250 |
| Loan Amount | $1,036,750 |
Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.