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Freshly Renovated and Partially Occupied 7-Unit with Strong Cash Flow

616 Finfrock St, Pasadena
ROI
22.79% IRR
Strategy
Long Term Rental
Freshly renovated and partially occupied 7-unit with strong cash flow. Motivated seller, will consider reduced price or closing credit. 7 unit complex built in 1960 with 2 separate buildings. Six 2 bed units and one 3 bed unit. 6 units have been completely renovated, with 3 new tenants already placed and 3 vacant units being advertised. 7th unit will be vacant before closing.

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Freshly Renovated and Partially Occupied 7-Unit with Strong Cash Flow

Listed 03/27/2023

616 Finfrock St, Pasadena

Purchase Price:$600,000

Cash Outlay:$192,000

Cashflow:$1,307/mo

Cap Rate:8.61%

IRR:22.79%

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