222 F Street

    Needles, CA 92363
    • $599,000
    • STATUS: Active
    • ON SITE: 154 days
    • ID#: RS18165277
    UPDATED: 47 min ago
    $599,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $100
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Cap Rate 9.19% with upside to 15.2% !!! Owner Said 17 Units 2 are One Bedroom, One Bath; 10 are studios for $ Call us Per Month per Unit. The last 3 Units are: one3 Bedroom One Bath at $ call us Month. (which could be divided into a 2 bedroom with a studio unit) also 3 additional studio units.(which need to be remodeled, being used as storage) Would make a total of 17 units. Owners brother there and will move before theclose of escrow. Annual Gross Rental Income $81,276, Annual Operating Expense Approx.. $ 26,232 , Annual Net Operating Income$ 55044 Cap Rate Approx. 9.19%. Landlord Pays for Water ,Trash and Common Area's Gas/Electricity even Cablevision! That's whytenants love it, everything included in rent! Close to Everything Centrally Located, Close to Freeway, Walking Distance to Stores andTransportation Local Management Company. No Vacancy's! Easy to Rent waiting list to get in. Most of Tenants are Long-TermTenants. 5 Units are occupied by owners brother (Not an Owner) would be an additional $3,000/Month $36,000 year not added to these totals. these 5 units will be vacant at close of escrow. and waiting list of renters. Pro Forma Bringing Cap Rate to 15.2% at $117,276 Per Year Gross

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T10:27:38.293. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.sonyathebroker.com/homes/85460601

    222 F Street Needles, CA 92363

    • Price: $599,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: RS18165277
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    6,000
    SQFT
    $100
    $/SQFT
    Neighborhood:
    699 - Not Defined
    County:
    San Bernardino
    Area:
    699 - Not Defined
    Property Description
    Cap Rate 9.19% with upside to 15.2% !!! Owner Said 17 Units 2 are One Bedroom, One Bath; 10 are studios for $ Call us Per Month per Unit. The last 3 Units are: one3 Bedroom One Bath at $ call us Month. (which could be divided into a 2 bedroom with a studio unit) also 3 additional studio units.(which need to be remodeled, being used as storage) Would make a total of 17 units. Owners brother there and will move before theclose of escrow. Annual Gross Rental Income $81,276, Annual Operating Expense Approx.. $ 26,232 , Annual Net Operating Income$ 55044 Cap Rate Approx. 9.19%. Landlord Pays for Water ,Trash and Common Area's Gas/Electricity even Cablevision! That's whytenants love it, everything included in rent! Close to Everything Centrally Located, Close to Freeway, Walking Distance to Stores andTransportation Local Management Company. No Vacancy's! Easy to Rent waiting list to get in. Most of Tenants are Long-TermTenants. 5 Units are occupied by owners brother (Not an Owner) would be an additional $3,000/Month $36,000 year not added to these totals. these 5 units will be vacant at close of escrow. and waiting list of renters. Pro Forma Bringing Cap Rate to 15.2% at $117,276 Per Year Gross
    Exterior Features

    Lot Features Yard Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Specialty Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Peter Cole of C-21 Masters.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T10:27:38.293. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Vogler Feigen Realty
    3292 E Florida Ave
    Hemet CA, 92544