$109900 Downtown Condo/Own Your Own (Chestnut Ave)

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0BR / 1Ba condo available aug 17
laundry in bldg street parking

Downtown Long Beach, spacious, clean and quiet ground floor 413 sq ft Condo/Own Your Own in a smaller, 13 unit, well kept building. Close to Metro, stores, restaurants, Pine Ave. Everything is a walk away. There is no parking on the property. There is only street parking, unless you can rent from a neighboring building or the city parking lots a few blocks away. The laundry room is very close to the unit. The kitchen is a separate room, off the main room, which adds spaciousness to the unit. There is room to put a dinette set in the kitchen. There's a nice outdoor area for you to enjoy as well. The unit has always been kept very clean. It is currently occupied by an excellent tenant who wishes to stay, if you choose to rent it out.

Stainless steel Appliances Stove/Oven and Refrigerator included, Window AC Unit included, Murphy bed included. Laminate floors, Granite counter tops. Full bathroom and large closet space. Gas and Water paid by the Owner. Electricity paid by Tenant. The HOA is a mere $82 a month. It rents for $800 monthly.
That's a 7.7 % cap rate (return on your investment).

Why have your money sitting in the bank earning nothing, put it in a brick and mortar income producing investment?

Why rent when you can own? Own your own! It's a move in ready unit in a convenient location.

To get a loan on Own Your Owns, you'll need 25% down. I've heard that the Long Beach School Federal Credit Union has loans for OYO's. Call Josie Truong at show contact info

Again, you'll be earning a 7.7% return.
The Seller is a Licensed Realtor and the Agent in this Transaction.

Thank you

Mark Murphy (@MainStreetRealtors.Net)
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post id: 4623869519



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