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    101 N Merrimac Drive

    Anaheim, CA 92807
    • $1,379,000
    • STATUS: CONTINGENT
    • ON SITE: 10 days
    • ID#: 302992580
    Under Contract
    UPDATED: 9 min ago
    $1,379,000
    • 8
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to present 101 N. Merrimac Drive, a 4-unit apartment complex located in the highly-desirable rental market of Anaheim. Situated on a corner lot conveniently located near the 55 and 91 Freeways, and just minutes from both Yorba Linda and Villa Park, two of Orange County's premier inland cities. The Merrimac Drive apartments is located on a quiet residential neighborhood, and just a short drive from both Eisenhower Park and The Village at Orange, a large shopping mall that has anchored local We are pleased to present 101 N. Merrimac Drive, a 4-unit apartment complex located in the highly-desirable rental market of Anaheim. Situated on a corner lot conveniently located near the 55 and 91 Freeways, and just minutes from both Yorba Linda and Villa Park, two of Orange County's premier inland cities. The Merrimac Drive apartments is located on a quiet residential neighborhood, and just a short drive from both Eisenhower Park and The Village at Orange, a large shopping mall that has anchored local retail since 1971. This investment opportunity is comprised of highly-desirable 2-bedroom units with amenities such as garage parking, patios/balconies, and washer/dryer hookups. Recent improvements include all-new and rebuilt balconies, stairs, and landing, and 2-units feature granite countertops. Through continued upgrades and improved rents along with its stand-out location makes this an excellent investment opportunity. *All 2-Bedroom Units Situated on a Corner Lot, *Desirable Rental Location Near Villa Park, *Convenient Access to 55 and 91 Freeways, *Garages, Patios, Balconies, & Washer/Dryer Hookups, *Upgraded Flooring, Granite Countertops, New Balconies & Stairs, *Cash-Flow with Only 30% Down Payment

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.solisteamrealty.com/homes/112998360
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    101 N Merrimac Drive Anaheim, CA 92807

    • Price: $1,379,000
    • Status: CONTINGENT
    • Updated: 9 min ago
    • ID#: 302992580
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    Neighborhood:
    Other
    County:
    Orange
    Area:
    Oc - Anaheim (92807)
    Property Description
    We are pleased to present 101 N. Merrimac Drive, a 4-unit apartment complex located in the highly-desirable rental market of Anaheim. Situated on a corner lot conveniently located near the 55 and 91 Freeways, and just minutes from both Yorba Linda and Villa Park, two of Orange County's premier inland cities. The Merrimac Drive apartments is located on a quiet residential neighborhood, and just a short drive from both Eisenhower Park and The Village at Orange, a large shopping mall that has anchored local We are pleased to present 101 N. Merrimac Drive, a 4-unit apartment complex located in the highly-desirable rental market of Anaheim. Situated on a corner lot conveniently located near the 55 and 91 Freeways, and just minutes from both Yorba Linda and Villa Park, two of Orange County's premier inland cities. The Merrimac Drive apartments is located on a quiet residential neighborhood, and just a short drive from both Eisenhower Park and The Village at Orange, a large shopping mall that has anchored local retail since 1971. This investment opportunity is comprised of highly-desirable 2-bedroom units with amenities such as garage parking, patios/balconies, and washer/dryer hookups. Recent improvements include all-new and rebuilt balconies, stairs, and landing, and 2-units feature granite countertops. Through continued upgrades and improved rents along with its stand-out location makes this an excellent investment opportunity. *All 2-Bedroom Units Situated on a Corner Lot, *Desirable Rental Location Near Villa Park, *Convenient Access to 55 and 91 Freeways, *Garages, Patios, Balconies, & Washer/Dryer Hookups, *Upgraded Flooring, Granite Countertops, New Balconies & Stairs, *Cash-Flow with Only 30% Down Payment
    Exterior Features

    Pool N/K Site CurbsSidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 2

    Property Features

    Actual Cap Rate 4.3 Annual Expense Actual 24130 Buildings 1 Gross Rent Multiplier Actual 15.97 Gross Scheduled Income Actual 86340 Tenant Pays TrashElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1800.0 Unit2 Rent Actual 1850.0 Unit3 Rent Actual 1845.0 Unit4 Rent Actual 1700.0 Zoning Assessor

    Listing provided courtesy of Morgan Skenderian. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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