We are pleased to present this 4 unit apartment community located in the heart of Wilmington. The offering consists of (4) 1 Bed / 1 Bath units. Each apartment unit includes a washer/dryer hookup and brand new water heaters as of Feb 2024. In total, the buildings sit on a 6,697 sq ft lot and feature 4 single car garages. Tenants pay for electricity and gas. There is ONE water meter and 4 electrical panels and 4 gas meters. There is rental upside potential to a 8.71% Pro-Forma Cap Rate & 8.10 Pro-Forma GRM. There is a 648 sq ft garage in the back with RTI plans for (2) ADUs consisting of 1+1. Plans are fully approved and are ready for construction! This could ultimately be converted into a 6 unit apartment building. Property can be financed through a residential loan.
MLS #
CRSB24030389
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00
Kitchen
None
Appliances
Other
Cooling
None
Heating
Wall Furnace
Pool
None
Style
Colonial
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
3 | 4 | 4 |
1147 N Marine Ave is a Residential Income in Wilmington, CA 90744. This – square foot property sits on a 6,699 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $785,000 and was built in 1923.
This address can also be written as 1147 N Marine Ave, Wilmington, CA 90744.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of March 21, 2024. For the most current information, please contact Evelyn Baez Gonzalez, (951) 902-3006