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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.
Property Type(s):
Residential Income
| Last Updated | 10/3/2024 | Year Built | 1985 |
|---|---|---|---|
| Community | Adelanto | County | San Bernardino |
Price History
| Prior to Oct 3, '24 | $700,000 |
|---|---|
| Oct 3, '24 - Today | $699,999 |
Additional Details
| 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 |
Location
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Listed with EGL Properties Incorporated
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