222 F Street, Needles, CA 92363

$399,000 Approx. USD 0 beds, 0 baths
100 sqft

Agent Remarks

Cap Rate 11% !!! 15 Units 2 are One Bedroom, One Bath; 10 are studios for $ 450-$550 Per Month per Unit. The last 3 Units are: one 3 Bedroom One Bath at $ 1,450 Per 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 the close of escrow. Annual Gross Rental Income $88,440 , Annual Operating Expense Appox. $ 30,608.84 , Annual Net Operating Income $ 38,814 Cap Rate Approx.: 11%. Landlord Pays for Water ,Trash and Common Area's Gas/Electricity even Cablevision! That's why tenants love it, everything included in rent! Close to Everything Centrally Located, Close to Freeway, Walking Distance to Stores and Transportation Local Management Company. No Vacancy's! Easy to Rent waiting list to get in. Most of Tenants are Long-Term Tenants. Rents are low and can be raised!

Listing Details

Property type: MULT (Commercial)
Status: Active
MLS# RS16073045
List price is $399,000 Reduced by $151,000 on 11/7/2016
Beds: 0
Baths: 0
100 sqft
0.18 acres
Lot size: 8063.000
County: San Bernardino
MLS area: 699 - Not Defined

Last Updated: 1/10/2017

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 34.838646, -114.606720.
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Broker: Courtesy of C-21 Masters
Listing Agent: Peter Black

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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White/Blue Collar Jobs

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Hispanic/Non-Hispanic Population

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