High cash-flowing, multi-unit property that is fully tenanted. An incredible opportunity for someone looking to expand their real-estate portfolio.This property currently generates $63,132 / year, meaning gross rental income is 9.02% the price. That's a 7.51 cap rate on the $700,000 ask. There's even room for upside one of the units is currently $800 / mo; you could live in it and make $59,748 per year, or charge market rates and get an even higher cap rate. This is THE property for the high cash flow investor.
|
DAYS ON MARKET
|
177
|
LAST UPDATED
|
10/3/2024
|
|
YEAR BUILT
|
1985
|
COMMUNITY
|
Adelanto
|
|
COUNTY
|
San Bernardino
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Oct 3, '24
|
$700,000
|
| Oct 3, '24 - Today |
$699,999 |
| AIR |
Evaporative Cooling |
| AIR CONDITIONING |
Yes |
| AREA |
Adelanto |
| GARAGE |
Door-Single, Garage, Yes |
| HEAT |
Baseboard |
| LOT |
10368 sq ft |
| LOT DIMENSIONS |
64x162 |
| PARKING |
Door-Single,Garage |
| STORIES |
1 |
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Listed with EGL Properties Incorporated
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/25/24 8:35 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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