Properties

Properties 2 Units - Anaheim

2 Units - Anaheim

611-613 W. Broadway, Anaheim

Drive By Only. Do Not Disturb Tenants. Tenants Do Not Know Property Is For Sale

Offered at:
$900,000

Property Description

RE/MAX Commercial - Apartment Sales Division is pleased to present a Turnkey Duplex. Ready to move into. Two separate detached completely remodeled homes on one lot in the Anaheim Colony Historic District. Large front house has 3 bedrooms and 1 full bathroom with washer/dryer hookups. Rear house is approx. 700 sq. ft. 1 bedroom 1 full bathroom built in 1980. Lots of space for parking. Separate electric, gas meters and water heaters provide low expenses. Everything new and updated to current codes. Seller spent approx. $350,000 to remodel, rehab and update property. New copper plumbing, new electrical. New cabinets, flooring, granite counter tops, tile, exterior and interior paint, stainless steel appliances in kitchen, new wooden driveway gates, new asphalt on driveway, sprinkler system, landscaping. Newer roof on both houses.

Live in one house and rent out the other to help pay the mortgage. Or use back house as a mother in law unit. Could also be rented to tourist looking to stay while visiting Disneyland.

Close to Disneyland, Downtown Anaheim, Anaheim Packing District, Honda Center, Anaheim Angels Stadium, Cal State Fullerton, Fullerton College, Knott's Berry Farm, and many popular shopping malls. Easy access to 5, 91, 57, 22 and 55 freeways.

Proforma Income

One 3-bedroom 1-bath $2,800
One 1-bedroom 1-bath $1,750
Monthly Total $4,550

Cash Flow Analysis

Gross Scheduled Income $54,600
Operating Expenses $13,100 (24%)
Net Operating Income $40,408

Acquisition Data

Down Payment $180,000 (20%)
Loan Amount $720,000

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.

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