Friday, February 8, 2008

Azusa Residential Income $839,000

Total Units: 4

Year Built: 1964

Sqft:
3,840

Property Description: Well maintained income property centrally located in the city of Azusa, one minute walking distance to Azusa City Hall. Beautiful and safe environment. Newer exterior paint, newer garage door. some units have new water heaters. Long term tenants, always pay in time. Monthly rent $4200 plus $300 laundry income. Minutes from Freeway,parks,schools, shopping. City of Azusa downtown North will be in construction in several month. There will be a Metro station, Target, other retails and new mixed building. The property is just yards away to the project. Please check with City Redevelopment department. Drive by only. Don't disturb tenants.

Financial Analysis
Gross Schedule Income: $54,000
Operating Expense: $3,980
Net Operating Income: $50,020
Total Annual Operating Exp: $10,670
Separate Water Meters: 1
Separate Gas Meters: 5
Separate Electrical Meters: 5

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