552 N Cambridge St, Orange, CA 92867

Description

Rare opportunity for a student housing investor or Chapman parent! 552-554 N Cambridge St is located in a premier pocket of the City of Orange, just 0.4 miles to the prestigious and growing Chapman University, and provides immediate cash flow of over $137,000 annually (a 5% Cap rate), with additional upside.

The front house is a 4 Bedroom 3 Bath that was Fully Renovated in 2022 (and partial New Construction), and the back unit is a New Construction 4 Bedroom 4 Bath unit which is Not Subject to Any Rent Control. Each unit has ensuite laundry, Air Conditioning, Forced Air Heat, High End Finishes, and private yard space for tenants' enjoyment. The property also has amp...