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Occupied Cashflowing Quadplex in Pasadena

1306 Heights St, Pasadena
ROI
22.99% IRR
Strategy
Long Term Rental
Occupied cashflowing quadplex in Pasadena. Updated kitchens, bathrooms, floors, and paint in all units. Currently leased for $5,030/mo, owner pays water & electric. Two story quadplex built in 1955 with (2) 1 bed units, one 2 bed and one3 bed. 2,551 total sq ft. Roof <10 years old, all units have updated kitchens, bathrooms, floors, and paint.

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Occupied Cashflowing Quadplex in Pasadena

Listed 12/15/2023

1306 Heights St, Pasadena

Purchase Price:$400,000

Cash Outlay:$123,000

Cashflow:$993/mo

Cap Rate:9.06%

IRR:22.99%

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