220 Palm Avenue, Santa Paula, CA 93060 (MLS # 224005006)
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Prime Triplex Investment Opportunity in Santa Paula!Discover the potential of this three-unit townhouse-style triplex located at 220 South Palm Avenue, in Santa Paula. Each spacious unit features two bedrooms, 1.5 baths, and a two-story layout, offering both functionality and comfort for tenants.This property is an investor's dream, with an opportunity to increase rents by up to 8.8%, the pro-forma annual gross rents are projected at approximately $83,700. Each unit is equipped with separate electrical and gas meters, while the property shares one water meter and sewer bill, optimizing operational efficiency. Additionally, a coin-operated laundry room adds convenience and extra income potential.Current rental arrangements are all month-to-month, except for one unit (224), which is secured under a HUD annual contractt, ensuring stability in your investment.Conveniently located near Santa Paula Airport, restaurants, and with easy access to the 126 Freeway, this property offers a prime location for tenants and owners alike. Whether you're looking to maximize rental income or live in one unit while renting out the other two, this triplex provides endless possibilities.Bonus Opportunity! The seller is offering two additional properties as part of a bundle sale: (608 E. Main Street, Santa Paula), and (224 S. 4th Street, Santa Paula). Don't miss this rare chance to acquire three income-generating properties as a package deal.Invest in Santa Paula's thriving rental market today!
| DAYS ON MARKET | 2 | LAST UPDATED | 12/20/2024 |
|---|---|---|---|
| YEAR BUILT | 1979 | COMMUNITY | Santa Paula |
| COUNTY | Ventura | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR CONDITIONING | Yes |
|---|---|
| APPLIANCES | Gas Water Heater, Water Heater |
| AREA | Santa Paula |
| GARAGE | Assigned, Carport |
| LOT | 6534 sq ft |
| PARKING | Assigned,Carport |
| STORIES | 2 |
| ZONING | R-2D |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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