MLS® ID: PW18244014
122 N Merrimac Drive
Anaheim, California, 92807 $1,165,000
ATTENTION INVESTORS: This well kept Covington style 4-plex checks all the boxes! The location is in a prime area of E Anaheim at the border of Orange with close access to the 55 and 91 fwys. Unit mix includes a 3BR, 2BA with fireplace, (2) 2BR, 1BA units and a 1BR, 1BA unit for maximum flexibility! All tenant units have their own garage space(s) and individual, inside laundry facilities. Recent upgrades include newer roof, newer dual pane vinyl windows and patio doors throughout, 3BR unit completely remodeled recently. All units include their own patio, air conditioning and central heat, scraped and textured ceilings with ceiling fans in every room. All tenants are long term and currently on month to month agreements. Rents are well below market rents with significant opportunity to achieve proforma rents. Currently priced at a 3.9 cap, but based on a reasonable proforma the return gets closer to a 6 cap! This is the one you’ve been waiting for!