204 N Spring Ave

Excellent investment opportunity at 7.04 cap actual.

4 unit property: 204 Apt. A is 2 bedrooms and 1 bath; 204 Apt. B is 3 bedrooms and 2 baths; 204 Apt. C is 5 bedrooms (4 plus smaller bedroom that is office sized) and 2 baths; 206 is a small detached house on the lot with 2 bedrooms and 1 bath. The property also has 4 single-car garages with additional space for parking or adding an ADU. The roof of the detached unit 206 was replaced in the last two years. The water pipe from the meter to the building was replaced within the last two years and the concrete repaired. A new secure 4 station mailbox was installed in the last two years. There is a laundry room on site that was never utilized. Excellent opportunity to get to a 8.0 cap with laundry addition and increased rents. Do NOT disturb Tenants.

This home located at 204 N Spring Ave is currently active and has been available on pardeeproperties.com for 495 days. This property is listed at $1,195,000. It has 12 beds and 6 bathrooms. The property was built in 1942. 204 N Spring Ave is in the Compton S of Rosecrans, E of Alameda community of County.

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