1856 S Avers Avenue
Property Description
Completely gut-rehabbed brick 3-flat featuring an oversized unit mix rarely found in today's market. Renovated in 2022, this turn-key investment consists of two spacious 3 bed/2 bath units and one 2 bed/2 bath unit, all featuring updated kitchens, stainless steel appliances, modern finishes, individual HVAC systems, and strong tenant appeal. The property generates approximately $82,200 in annual gross income with additional upside through rent growth and the potential to convert the lower level into a garden unit. Additional amenities include common laundry, three parking spaces, and low-maintenance mechanical systems. An ideal opportunity for investors seeking immediate cash flow, minimal capital expenditures, and long-term appreciation potential in the growing Lawndale market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $800,000 |
| Year Built: | 1916 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 6 |
ID: 3yd-MREDIL-12774264
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