406 & 408 E Ave Q7, Palmdale, CA 93550

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List Price
$440,000
Status
PENDING
Days on Market
107
MLS#
26005437
Subtype
Residential Income
Year Built
1957
Bedrooms
4
Living Area
1,360
Lot Size
6,098
Acres
0.14
Neighborhood
09 - Palm Div to 80th E
MLS Area Major
09 - Palm Div to 80th E

Property Description

Rare opportunity to own a fully occupied income-producing duplex generating **$2,850/month ($34,200 annually)** in gross rental income. Offered at **$440,000**, this property features an attractive **GRM of 12.87** and an approximate **5.9% cap rate**. Each spacious 2-bedroom, 1-bath unit is tenant occupied, with tenants paying all utilities except water and trash. **The neighboring duplex at 410-412 E Ave Q-7 is also available for purchase**, creating an excellent opportunity to acquire two side-by-side investment properties. Conveniently located near shopping, schools, and commuter routes with strong rental demand. **Please do not disturb tenants. Drive-by only. Interior inspections available with an accepted offer.

Additional Information

Zoning
PDR3
Air Conditioning
Evaporative Cooling

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Martin J Hernandez (hernandezrealestate@yahoo.com) from Listing Office: Luxury Collective.