Looking for an investment with room to grow? This 6-unit apartment building in Pasadena offers incredible value-add potential and room to boost your returns.
Just reduced by $224,000!
Prime Location: Located in sought-after Pasadena, known for its strong rental market.
Very LOW Price Per Unit: $321,000
Value-Add Opportunity: Light renovations can increase rents and boost property value.
Upside Potential: Currently under-market rents allow for about 30% upside.
Room for Expansion: Add 3 ADU’s for extra income. 2 detached and the 3rd with 25% of it attached to an existing structure/wall.
Steady Demand: Pasadena's strong job market ensures a reliable tenant base.
CAP Rate will vary based on the property taxes of the final price.
Don’t miss this chance to invest in a high-demand area with significant upside potential.