Property Detail

Description

19 Units (+1 Non-Conforming Unit) in Maywood With Private Seller Financing! Outstanding investment opportunity in the heart of Maywood, this well-positioned asset delivers a current 5.4% CAP Rate and 12.3 GRM, with 30% upside in rental income, making it an ideal value-add or long-term hold. The property features a diverse unit mix of 1 Two-Bed/One-Bath unit, 4 One-Bed/One-Bath units, and 15 Studio apartments (1 non-conforming unit), spread across two contiguous parcels (no resident manager required) totaling 14,875 sq. ft. of land and 6,537 rentable sq. ft. Tenants benefit from a Ratio Utility Billing System (RUBS), which allows the owner to recapture utility costs directly from residents further enhancing cash flow. Seller Financing Terms include: 35% Down Payment, 6% Interest-Only payments, and a 5-year term, creating a unique opportunity for investors seeking flexible and favorable terms. Priced to sell, this 20-unit property is a rare find in a high-demand rental submarket with strong rent growth potential.