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522 E Rhea Street E
Quadruplex
$1,780,000

Units

4

Building Size

4,212 sf

Lot Size

6,500 sf

Status

Sold

Listing Agent: Marvin Malone, Amberwood Real Estate, Inc.

Long Beach

522 E Rhea Street E

About This Property

Back on The Market!!THIS 4-UNIT PROPERTY IS A RARE FIND FOR INVESTORS Looking for Great Income, with a Current Gross Schedule Income of $149,300 per Year!!! With a Current Cap Rate at 6.75, Also, The Entire Building was Totally Remodeled Down to the Studs in 2019.The Property Currently has a Newer Roof, Newer Copper Plumbing Throughout, Newer Windows, Newer Interior & Exterior Paint, Newer Laminated Wood and Tile Flooring throughout, Recess Lighting Throughout, Remodeled Kitchens with Newer Wood Cabinets, Granite Countertops, Newer Refrigerators, Stoves, Microwaves, Washers & Dryers, That's Included with the Purchase!! This 4-Unit Building Offers (THREE) 4/Bedrooms 2/Bathrooms & (ONE) 3/Bedrooms with 1/Bathroom. Each Unit is Individually Metered with Gas & Electricity and Currently the Building is 100% Tenant Occupied. This Property Offers Great Gated Parking for Tenants, with (8) Inside Parking Spaces. This Property Wont Last!!6

Unit Mix

  • 3 units · 4bd / 2ba
  • 1 unit · 3bd / 1ba

Neighborhood

This property is located in Long Beach. Want to learn more about the area?

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Sold For

$1,780,000

Listing Agent

Marvin Malone

Amberwood Real Estate, Inc.