$385,000
$450,000
14.4%For more information regarding the value of a property, please contact us for a free consultation.
0.44 Acres Lot
SOLD DATE : 06/06/2016
Key Details
Sold Price $385,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SW15245002
Sold Date 06/06/16
HOA Y/N No
Year Built 1964
Lot Size 0.436 Acres
Property Description
This investment is a rarity because it has it all. Currently 100% rented. It's been taken care of inside and out. Both interior and exterior condition is wonderful. All rooms are large. Beautiful tile floors throughout. All unit's are 2 bedroom 1 bath which is the most popular mix in Yucca Valley. Large wall and swamp cooling/heat. Private yards for each unit. Private carport parking for each unit. Private laundry hook ups in each unit. The returns are also a rarity. Above market stunning 7.93 Gross Rent Multiplier and 7.87% Cap Rate at below market actual rents! And if you bring on market rents (see rent comp attached), you break double digits at a 6.47 GRM, a 10.36% Cap Rate and a stunning 24.26% Cash on Cash Return. Only $112,500 down get's your money performing like this!
Super convenient location that's a magnet for tenant's due to walking distance closeness to the main drag and central Yucca Valley. Yucca Valley has one main drag and we are one block off that Twentynine Palms Highway.
Location
State CA
County San Bernardino
Area Dc532 - Business District
Interior
Fireplace No
Exterior
Garage Carport
Carport Spaces 8
Pool None
Community Features Curbs, Gutter(s)
Parking Type Carport
Total Parking Spaces 32
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story One
Entry Level One
Sewer Septic Tank
Water Public
Level or Stories One
Others
Tax ID 0586306110000
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Tony Burton • Burton Commercial, Inc.