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Completely remodeled 7-unit apartment building in El Monte, delivered 100% vacant and ready to go! Each unit has been fully renovated with custom white oak cabinets, brand-new flooring, quartz countertops in every kitchen, and beautiful bathrooms with ceramic tile walls and porcelain tile floors. Spacious mix of four 3-bedroom/1-bath and three 2-bedroom/1-bath units, offering a 7.55% pro forma cap rate at list price based on current Section 8 payment standards. An incredibly versatile property, perfect for sober living, transitional or shared housing, and many other income-producing ventures. Set on a large 15,353 SF lot with a 7-car garage near shopping, schools, restaurants, parks, and freeways. A rare turnkey opportunity with no deferred maintenance. Be sure to view the photos and video tour to see the stunning finishes in every unit. Buyer to verify all information, zoning, and permitted uses with the City of El Monte. Completely remodeled 7-unit apartment building in El Monte, delivered 100% vacant and ready to go! Each unit has been fully renovated with custom white oak cabinets, brand-new flooring, quartz countertops in every kitchen, and beautiful bathrooms with ceramic tile walls and porcelain tile floors. Spacious mix of four 3-bedroom/1-bath and three 2-bedroom/1-bath units, offering a 7.55% pro forma cap rate at list price based on current Section 8 payment standards. An incredibly versatile property, perfect for sober living, transitional or shared housing, and many other income-producing ventures. Set on a large 15,353 SF lot with a 7-car garage near shopping, schools, restaurants, parks, and freeways. A rare turnkey opportunity with no deferred maintenance. Be sure to view the photos and video tour to see the stunning finishes in every unit. Buyer to verify all information, zoning, and permitted uses with the City of El Monte.
Listing courtesy of Listing Agent: Mark Perez (562-754-0660) from Listing Office: Circle Real Estate.
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