OC Apartment Brokers
Ridgeway Apartments
202 S. Ridgeway St. Anaheim
DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.
Current Income
| 3 bedroom 2 bath | $1,600 |
|---|---|
| 3 bedroom 2 bath | $1,410 |
| 2 bedroom 2 bath | $1,360 |
| 2 bedroom 2 bath | $1,360 |
| Monthly Total | $6,330 |
Cash Flow Analysis
| Gross Scheduled Income | $75,960 |
|---|---|
| Operating Expenses | $15,192 |
| Net Operating Income | $59,249 |
Acquisition Data
| Down Payment | $558,250 |
|---|---|
| Loan Amount | $1,036,750 |
Property Description
Large 4 plex located on corner lot. First time on the market in 28 years. Excellent unit mix of two 3 bedroom 2 baths and two 2 bedroom 2 bath units. Front unit has fireplace. All units have patios or balconies. Five enclosed garages. The structure is approx. 4,437 square feet and boasts spacious 2 and 3 bedroom units. Tenant amenities include: enclosed patios, central heat, onsite laundry, garbage disposals, and single-car enclosed garage parking. Convenient walking distance to many shopping centers, bus stops, eateries parks, elementary schools, and banks. Long-term tenants. Significant upside in rents. Market rent GSI is $117,600. See unit breakdown for individual market rents. One of only seven 4 plexes currently on the market in Anaheim.