Jason Kirklen
This listing was posted on RealtyWW.
$6,390,000
Home For Sale In Orange, California
Price:
$6,390,000
BR/BA:
10+ BR, 10+ BA
Location:
208 W Hoover Ave, Orange, CA
Description:
Located in the heart of the highly sought-after city of Orange, this 20-unit apartment building presents a compelling investment proposition with significant upside potential in rental income. Comprising of 16 one-bedroom, one-bathroom units, and four spacious two-bedroom, one-bathroom units, this property caters to a wide range of tenant needs. 16 One-Bedroom, One-Bathroom Units: These well-appointed units provide comfortable living spaces for singles or couples, offering modern amenities and privacy. 4 Two-Bedroom, One-Bathroom Units: Designed for families or those desiring extra space, these units are highly attractive to a broader tenant base. This property boasts ample parking for residents with 16 garage parking spaces and an additional 6 surface parking spaces. The convenience of dedicated parking enhances tenant satisfaction and retention. The building has separate meters for electricity and a master meter for gas and water, creating the perfect foundation for implementing a Ratio Utility Billing System (RUBS) program. This opens the door to an additional revenue stream and allows for a more equitable distribution of utility costs among tenants. Situated in the thriving city of Orange, this apartment building enjoys a prime location within a highly desirable rental market. Orange is known for its vibrant community, excellent schools, and proximity to major employers, making it an attractive destination for both residents and investors alike.For more details: https://realtyww.info/homes_orange-d523822/for-sale_i70618011
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More About this Listing: Home For Sale In Orange, California
Home For Sale In Orange, California is a 10+ BR 10 Bathroom, 10+ BA, 20 Bathroom Single-Family Homes for Sale at 208 W Hoover Ave in Orange CA. Find other listings like Home For Sale In Orange, California and listings near 208 W Hoover Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 20 Bathroom Single-Family Homes for Sale in Orange CA.
Home For Sale In Orange, California is a 10+ BR 10 Bathroom, 10+ BA, 20 Bathroom Single-Family Homes for Sale at 208 W Hoover Ave in Orange CA. Find other listings like Home For Sale In Orange, California and listings near 208 W Hoover Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 20 Bathroom Single-Family Homes for Sale in Orange CA.