SOLD $424,950 - Condo / Townhouse
Avondale 8-Plex Under 500K
Two side-by-side parcels with a 4-plex on each parcel. Each 4-plex is eligible for traditional financing, commercial loans not needed because each parcel has one building with four units.
Currently has 4 studios & 4 one-bedroom units, EASILY create 8x one-bedroom units, see attached floor-plan. CLICK HERE
Section-8 pays around $1,080 per 1-bedroom unit, $8,640 gross monthly rent potential with a light remodel.
Full remodel quotes between $110K & $127K, one unit has fire damage, quotes include all necessary permits, repairs & upgrades.
421 N Central AVE – APN: 500-18-032
336 N 1st ST – APN: 500-18-033
**All units have been cleaned out, rekeyed & have new security doors installed.