7061 Greeley Street

About This Home

Price reduction for a quick sale. This great valued six-unit apartment property featuring spacious 2-bedroom and 1-bathroom units surrounded by lush greenery and mature landscaping. Amenities include an on-site coin-operated laundry room, six covered carports, and additional conveniences. The lower units offer both front and rear private entrances for added accessibility and appeal. It also features 6 carports. This property also presents strong upside rental potential, with projected market rents exceeding $2,000 per unit, according to current market trends. Don't miss this income property for only $1,395,000. Thank you for your interest. I'll see you in Escrow. 7061 Greeley: 1. $1,400 2. $1,380 3. $2,000 4. $1,380 5. $2,000 6. Vacant - $2,000 (projected rent) Five units are currently occupied. Current residential rent is $8,160 per month, and the projected rent for the vacant unit is $2,000 per month. Fully occupied residential rent would be $10,160 per month. Including $120 per month in laundry income, fully occupied gross income would be $10,280 per month, or $123,360 annually. Income / Operating Summary: • Gross Scheduled Income: $123,360.00 • Vs The 5.40% cap rate is based on the $75,333.29 NOI divided by the $1,395,000 asking price.

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