723 Ivywood Drive

Description

Rare Triplex Investment Opportunity in Northwest of Oxnard, great rental area. There are Three 2 bedroom and 2-bathroom units. Large size units each unit is proximately 1314 square feet. Two of units have been updated less two years ago with new kitchen and bathrooms with granite counter tops and beautiful durable tile floor that looks like laminate. One unit rent is $3100 per month. one unit is vacant which can be used as owner occupied or can be rented for $3100 per month. One unit has a long-term month to month tenants that pay $1967, which can be increase to market rent that will provide new owners opportunity for rent growth. Building has 4 garages one garage is also being rented as storage for $250 per month. Garages can possibly be converted to units. Please check with city.All three units have spacious Livingroom with fire place Dining room, kitchen and bedrooms. Great for entertaining and family gathering. Top unit has a large beautiful balcony with view of park, one bottom unit has nice size patio with park view. There is a laundry room which isn’t at use at this time, but new owner can add coin machine and have extra income. Building is close to park, shopping and Freeway. Owner occupied buyers can be approved with low down payment for purchase. $1.400.000 appraisal is on hand. I can recommend 2 loan brokers, to check for lower rates!!