$243,500
$250,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
0.33 Acres Lot
SOLD DATE : 05/29/2015
Key Details
Sold Price $243,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SW14237551
Sold Date 05/29/15
HOA Y/N No
Year Built 1986
Tax Year 2013
Lot Size 0.327 Acres
Property Description
This is a very nice clean functional apartment, inside and out. You will always keep this rented at above market rents with all the amenities that come with these units! All units have roomy living room, dining area with ceiling fans, private patio, private backyard, laundry hook ups, and private single car attached garage. Kitchen amenities include granite counter tops, dishwashers, and garbage disposals. Seller is out of the area, and have rented out all the units, month to month, at well below market rents. Please find in supplements $650-$695 monthly market rents while seller has units rented out at $525 monthly! Giving the benefit of any doubt, at only $625 monthly rents, this property performs at a 8.33 GRM, a 8.40% cap rate, and a 16.18% Cash on Cash Return! With only $62,500 down, where else can you get your money performing at 16.18%!! Priced at only $62,500 per unit, this is by far the best investment buy in Yucca Valley. Please see supplements for details including cash flow, rent roll, and aerial/site plan.
Location
State CA
County San Bernardino
Area Dc521 - Central West
Interior
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 11-15 Units/Acre
Sewer Septic Tank
Water Public
Others
Tax ID 0586342160000
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Tony Burton • Burton Commercial, Inc.