312 E Meats, Orange, CA 92865

Property Description

Investment Opportunity in the Heart of Orange. A rare value-add opportunity for investors: this triplex is priced to reflect two known capital items: a repipe and a new roof over the garage only (with estimates available). Complete the work and step into equity upside. Additional equity opportunity with further renovations. The property is comprised of one 3-bedroom, 2-bath unit and two 2-bedroom, 1-bath units, occupied by long-term tenants in a highly desirable rental pocket. Parking onsite including three garage spaces (2-car and a 1-car), plus an on-site laundry room offering additional income potential. Location is unbeatable: just down the street from Chapman University, the Orange Circle, and all the offerings of Old Town Orange--shops, dining, and services. Got a train to catch? Orange Transportation Center (OTO) is located just 2.7 miles away and the Anaheim Canyon Station is only 3.3 miles out — plus easy access to local freeways. This is a well-located, income-producing asset with a clear path to added value.