Maurius Jeffery
This listing was posted on RealtyWW.
$1,800,000
Newville Ave, Downey, Home For Sale
Price:
$1,800,000
BR/BA:
10+ BR, 9 BA
Location:
11118 Newville Ave, Downey, CA
Description:
The Jade Apartments is a 6-unit multi-family property. Situated on 6, 969 square feet of land, the property is only.60 miles from Stonewood Center one of Downey's largest employers. Discreetly positioned next to Rio San Gabriel Park, the property has covered carports w/ on-site laundry facilities. This six-unit gem has been well maintained through the years and features upgraded flooring, quartz countertops, new blinds and new windows. Additionally, the units are large and spacious averaging over 1, 000sq.ft. per residence. With a balcony or private patio provided for every unit the property has tremendous upside potential. In fact, current rents are more than 28% below market levels. Downey is home to Boeing Company, Kaiser Permanente, PIH Health to name few. Moreover, 54% of all residents are between ages 25-64 with an average annual household income of $75, 974 per year. A savvy investor could seize the opportunity to acquire a well-located asset with tremendous upside potential in an area bolstered by strong investment fundamentals and continued growth trends. Profroma Cap Rate of 7.0% on conservative rents!!!For more details: https://realtyww.info/homes_downey-d531518/for-sale_i77208588
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More About this Listing: Newville Ave, Downey, Home For Sale
Newville Ave, Downey, Home For Sale is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 11118 Newville Ave in Downey CA. Find other listings like Newville Ave, Downey, Home For Sale and listings near 11118 Newville Ave by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Downey CA.
Newville Ave, Downey, Home For Sale is a 10+ BR 9 Bathroom Single-Family Homes for Sale at 11118 Newville Ave in Downey CA. Find other listings like Newville Ave, Downey, Home For Sale and listings near 11118 Newville Ave by searching Oodle Classifieds for 10+ BR 9 Bathroom Single-Family Homes for Sale in Downey CA.