DESCRIPTION

Welcome to this spacious 6 bedroom, 3 bath multifamily Lancaster home that offers a fantastic opportunity for rental income with 3 units, each 2 bedroom and 1 bath with approximately 2,514 sq. ft. The original house is a 2 br/1 ba

PROPERTY DETAILS

PRICE - $499,000

Rehab- $60,000

ARV - $650,000+

Comps -

44740 Gadsden Avenue - $635,000 - 3 units same unit mix 2/1s

223 W Lancaster Boulevard - $525,000 - duplex

45110 Elm Avenue - $519,000 - 800+ sqft smaller

481 E Lancaster Boulevard - $510,000 - duplex

https://cloudcma.com/live/c7d40d1ec10c27e38625edfc0afea3c6/comps

We are selling this Triplex for less than the recent duplex sales that are much smaller. Units have 3 separate meters for gas and electric, with shared sewer and water. House had the roof replaced approximately 10 years ago.

Rental Comps by Unit-

Unit A - Front house 2bed/1bath - $2,500/month

Unit B/C - 2bed/1bath - $1,500/month

Rehab Level: mid level fixer

Occupancy: Owner Occupied / Vacant At Close

CLOSING AND ACCESS

**Property WILL BE VACANT AT CLOSE**

**Please CALL Ahead to Schedule An Appointment**

Call or Text Gabe for questions 949-329-2008

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.