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Tenants are MTM, but long-term. Two units have been rented to the same occupants for over 17 years. One of those is a on a voucher. That voucher pays $1,200 towards her rent. The third and fourth units have had the same tenants for 5 and 6 years respectively. The fifth unit will be vacant soon. Total revenue on a monthly basis from all five units plus the laundry is about $5,500. That is an annual Gross income of about $66,000. Annual expenses are approximately $16,000. Net annual income is approximately, $50,000. The building is in good condition.

Property Details of 9431 South Bishop Street

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Listed by Roberto Montano of RE/MAX Partners

Based on information submitted to MRED  as of September 25, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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