820 Petit Avenue, Ventura, California
820 Petit Avenue, Ventura, California 93004 - Part of a 10 Unit, 4 property portfolio. Available individually or in combination. The other properties in the portfolio are located at 808 Petit Ave (triplex), 9413 Petit Circle (duplex), and 9422 Petit circle (duplex). Seller to carry first loan at 4.0%, interest only, for 5 years with a 28% down payment. The properties are fully occupied with long term residents at rents substantially below market. There is approximately 49.4% upside in the rents. The two bedroom, two bath units (approximately 1,000-1,050 sq.ft) rent from $1,000 ($1,950 conservative market rent). The three bedroom, two bath units (approximately 1,200 sq.ft.) rent from $1,450, ($2,250 conservative market rent). The portfolio shows and estimated POSITIVE CASH FLOW of $63,840 at market rents â€“ 7.1% CASH ON CASH RETURN AT MARKET. All units have a two car garage plus additional parking, pitched roofs and concrete drives. The duplexes each have a private, enclosed yard and are located on a cul-de-sac. Individually metered for gas and electric. Master metered water. Units have washer & dryer hook ups. Please do not disturb the residents. Interior preview upon accepted offer. THIS IS A PERFECT OPPORTUNITY FOR AN INVESTOR OR OWNER OCCUPIED. Please refer to the attached executive summaries for additional financial details, property information and photographs.
Listing Courtesy of Braemon Hanes~Hanes Investment Rlty