9746 Park, Bellflower, CA 90706

Description

Offering an attractive 6.00% Cap Rate on current income, this exceptionally maintained 16 unit apartment community has benefited from more than $500,000 in recent capital improvements, including a new roof, new electrical subpanels, dual pane vinyl windows throughout, updated landscaping, and all new balconies. Approximately 50% of the units have been extensively renovated, providing investors with a quality asset requiring minimal near term capital expenditures. Just a two minute walk from the heart of Downtown Bellflower, the property features an attractive unit mix of (8) 2 Bedroom / 1 Bathroom units and (8) 1 Bedroom / 1 Bathroom units. Additional amenities include 2...