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Oxnard, CA 93030,120 S MCKINLEY AVE
$594,000
Est. payment /mo
$599,000
0.8%
Est.Price: ?

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SOLD DATE : 12/23/2013

Key Details

Sold Price $594,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID V0-13013346

Property Description

Best Cash Flow Opportunity for 4 units on the market. 6.15% cap rate, 10.5 x gross. Tenants pay all utilities! 4 detached homes on 1 lot in La Colonia area of Oxnard. Extensively rehabbed over the last 3 years including, but not limited to: 80% of walls taken down to studs, re-wiring and plumbing upgrades and new fixtures, electrical, doors, exterior painting. Interiors received new flooring, trim, paint and more. Tenants pay ALL utilities (electric, gas, water and trash separately metered) giving new owner a low expense investment. (2)-car garage not presently being used offers extra income potential. Unit mix is 3 bed, 1 bath house; (2) 2 bed, 1 bath homes and a 1 bed, 1 bath home. Front 2 houses have small front yards. In addition to garage there are 4 uncovered parking spaces in rear.

Location

State CA

County Other County

Area Vc31 - Oxnard - Northwest

Zoning R2

Interior

Heating SeeRemarks

Cooling SeeRemarks

Flooring SeeRemarks

Exterior

Parking Features Garage

Utilities Available WaterConnected

View Y/N No

Roof Type SeeRemarks

Building

Story One

Others

Acceptable Financing CashtoNewLoan

Listing Terms CashtoNewLoan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nicholas Henry • The Channel Group
Bought with Tom Contreras • Ca Home Sellers & Buyers
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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