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Property Description

10521 West 7th Place is in turn-key condition after undergoing a recent comprehensive renovation. All four of the units are fully renovated including new kitchens and bathrooms. The property features new windows throughout and has an EPDM roof that is still under warranty. The exterior of the property is also turn-key with new concrete and landscaping. The property is entirely composed of large two-bedroom, one-bathroom floor plans with private outdoor access. The lower units have large, private fenced yards while the upper units have private balconies. The property is fully occupied with long-term tenants. Three of the tenants renewed their leases in March and May of this year with respective rent increases. The property has very strong in-place income considering that Proforma income is less than $700 higher than in-place income.

Overview

Property Status
Sold
Lot Size
0.2 Acres
MLS ID
7423401
Property Type
Multi-Family
Year Built
1959

Features & Amenities

Neighborhood
Lakewood
Sales Price
$835,000

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10521 West 7th Pl

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