Residential Income - Commerce, CA

Don't miss out on this opportunity to buy a three unit apartment building that has great upside potential. The property consists of three units: two 3 bedroom\/ 2 bath and one 4 bedroom \/2 bath. Two of the units are occupied by Section 8 tenants, one of them is a military Section 8, allowing higher rents than standard Section 8. The rents can be increased each year up to 5%. The third unit is on a month to month tenancy. Each unit is separately metered for gas, water and electricity. There are washers and dryers in each unit, as well as forced air heating and A\/C. All units have copper plumbing. The roofs are less than 5 years old. A buyer may now convert the garages to living spaces per State Ordinances but buyer must check with the city for setback information regarding this point. All buyers must cooperate with Seller's 1031 Exchange. Buyers to verify all information.