Excellent investment opportunity** in Artesia with this 100% fully occupied 4-unit multifamily property featuring one 1-bedroom, two 2-bedroom, and one 3-bedroom units, all equipped with mini-split HVAC systems and appliances that convey with the sale; Units have been recently updated with potential for further improvements, offering a strong combination of current income and long-term value-add opportunity; A shared covered patio by the front doors provides a comfortable seating area for tenants; **Listed below appraised value** this property offers immediate cash flow with below-market rents and room to raise rates; Landlord-paid utilities are limited to water, trash, and sewer, keeping operating costs low while tenants cover all other utilities; Property has been well maintained, making this a rare opportunity to acquire a solid investment in a stable rental market; Don't miss your chance to acquire a value-add asset in a steady rental market.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $299,000 | $95 | Harwell & Associates Real Estate |
Year | Annual Amount | Description |
---|---|---|
2024 | $571 |
Elementary School Yucca Elementary | 0.3 miles away | 01 - 05 | |
Junior & Senior High School Artesia Park Jh | 0.4 miles away | 08 - 09 | |
High School Artesia High | 0.5 miles away | 10 - 12 |