304 West Broadway Street, Needles, CA 92363

$499,000 Approx. USD 0 beds, 0 baths
100 sqft

Agent Remarks

16 Units! (could be 18 units) Great Investment! Only $499,000 (Combined with "222 F Street" $399,000, total $898,000,  can be purchased together) Also Qualifies for EB 5 program!  (When purchased  as one)  In the city of Needles CA. 100 % Occupancy for over 3 years!  People waiting to get in!   No Rent Control. Total of 16 Units  (could be 18 units) $ 450-$550 Per Month per Unit.   Annual Gross Rental Income $88,440 , Annual Operating Expense Appox. $ 23,547 , Annual Net Operating Income $ 64,892. Cap Rate Approx.: 13%. Landlord  Pays for Water ,Trash and Common Area's Gas/Electricity, even Cablevision!  That's why people 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 in over 3 years.  Easy to Rent waiting list to get in. Most of Tenants are Long-Term Tenants.  Rents are low, and can be raised!   All 16 units were “torn down to the studs” approx. 10 years ago.  New drywall, new electrical, plumbing, everything! There is a very large office/apt unit that could be divided into the additional 2 units.

Listing Details

Property type: SPEC (Commercial)
Status: Active
MLS# RS16073056
List price is $499,000 Reduced by $151,000 on 11/7/2016
Beds: 0
Baths: 0
100 sqft
0.42 acres
Lot size: 18483.000
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: 34.836738, -114.600028.
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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.

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