Investment Highlights: Offering Actual CAP Rate of 6.91 % / ProForma CAP Rate of 7.53 %. Offering Actual GRM of 8.80, With a ProForma GRM of 8.04. Conservative 5-7 % Upside in Potential Rental Income. Located 8 Minutes From St. Mary’s Medical Center Hospital. Recent Capital Improvements. Non-Rent Control Community & Area. Long Term Tenants With Upside in Potential Rental Income. The Apartment is 100 % Occupied & Rental Comparables Illustrate a 99 % Occupancy Area. The 21225 Wigwam apartments are located on the corner lot of Dale Evans Parkway and Wigwam Road. This large 0.64 acre lot has great visibility from Highway 18 and the 15 freeway. The Property has accessible onsite parking in the front. This six unit apartment community is composed of all 2 bedroom / 1 bedroom units that are approximately 933 Sq. Ft. The property has recent improvements and is 100% occupied. This apartment community has been well maintained throughout ownership. The current owner does updates and improvements on a scheduled basis. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.
Based on information from California Regional Multiple Listing Service, Inc. as of October 14th, 2019 at 1:32am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.