Description
We are pleased to present the Pioneer Townhomes, a 9-unit apartment community in Lakewood. This building is being sold by the developer who has owned the property since it was constructed in 1988. The building comprises three 3BD/2.5BA, one 3BD/2BA, and five 2BD/2BA townhomes. Each unit has an attached 2-car garage, a balcony (most units), individual water heaters, in-unit laundry, and central air & heat. Six of the nine units have been heavily renovated with granite countertops, new kitchen cabinets, and vinyl wood flooring. In addition, all of the air conditioning units have been replaced, and the exterior has recently been painted. This is a well-kept asset that offers an investor the opportunity to purchase a 4.5% in-place cap with proven upside in rental income.
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0BEDS
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0.39ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are pleased to present the Pioneer Townhomes, a 9-unit apartment community in Lakewood. This building is being sold by the developer who has owned the property since it was constructed in 1988. The building comprises three 3BD/2.5BA, one 3BD/2BA, and five 2BD/2BA townhomes. Each unit has an attached 2-car garage, a balcony (most units), individual water heaters, in-unit laundry, and central air & heat. Six of the nine units have been heavily renovated with granite countertops, new kitchen cabinets, and vinyl wood flooring. In addition, all of the air conditioning units have been replaced, and the exterior has recently been painted. This is a well-kept asset that offers an investor the opportunity to purchase a 4.5% in-place cap with proven upside in rental income.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T21:35:42.13. 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 deemed reliable but is not guaranteed accurate by the MLS or Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.