Welcome to The Alpine Garden Apartments, a 12-unit apartment investment opportunity located in the in-demand rental market of Garden Grove. Comprised of 100% 2-bedroom units, The Alpine Garden Apartments offers a majority of highly-desirable single-story units. The Alpine Garden Apartments are well maintained and have recently been upgraded with new windows. This investment opportunity is located within an "Opportunity Zone" offering a new Buyer special tax programs and benefits of being in a gentrifying location. The Alpine Apartments offers an investor an estimated 4% cash on cash return on current rents with a projected 24% of rental upside. Through interior upgrades, the new Buyer can realize a substantial increase in cash flow estimated to be upwards of 7%, an impressive return for a highly desirable apartment community. *"Opportunity Zone" Investment, *All 2-Bedroom Units, *Majority Single Story Units, *Garages, Individual Water Heaters, New Windows, *Fixed Rate Financing at 4% Available, *Projected 24% Upside in Rents
Listing courtesy of Rick Applebaum from Morgan Skenderian
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.