534 N Batavia St, Orange, CA 92868

Property Description

pleased to present an opportunity to acquire a six-unit apartment building 534-542 N Batavia in the city of Orange . The property consist of two separate triplex's on separate lots, with an additional lot of land. Each building consists of one 2B/1BA unit and two 1BA/1BA units. The property is separately metered for gas and electric and has individual water heaters for each unit. Each unit comes with an large separate enclosed garage with plenty of storage space in the rafters above. This property can be financed under residential financing since there is two separate 3 units buildings on different lots making a combined 6 units 
 
 This opportunity allows an investor to acquire an asset in a sub-market of Orange that historically is in high demand with only a handfull of buildings selling each year. An investor can raise rents by implementing an interior rehab strategy more desirable for the tenant demographics in that area. Furthermore, there are two laundry rooms currently in each building that are currently only being used by the two bedroom units as part of their rental agreement. A new owner can, in the future, make the laundry rooms accessible to all units, producing additional income. 
 
 Located off Batavia and Walnut, this property is only a short bike ride or walk from Chapman University and downtown Orange. Sq footage to be verified by buyer