7173 Sage Avenue, Yucca Valley, CA 92284

$440,000 Approx. USD 0 beds, 0 baths
5,280 sqft
Reduced by $10,000 on 10/22/2016

Agent Remarks

The Sage apartments consists of 8 units, all separately metered for gas and electric. Existing rents are +/- 10%. Value can be added by adjusting rents upward by 10% to market rents, reduce expenses such as house electric to an LED system, reduce water costs by installing low flow systems throughout all units and self manage. Current EXISTING cap rate is 6.36% with a cash on cash (COC) return of 11.86% with principal loan reduction. and PROFORMA cap rate would be 8.36% with an outstanding cash on cash (COC) return of 18.53% with principal loan reduction. Existing gross income is $51,240. Please see attached Supplements.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# EV16075150
List price is $440,000 Reduced by $10,000 on 10/22/2016
Beds: 0
Baths: 0
Built in 1965
5,280 sqft
2 stories
0.25 acres
Lot size: 11049.000
County: San Bernardino
Parking description: Assigned
MLS area: DC524 - Storey Park

Last Updated: 10/23/2016

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This listing belongs to the DC524 - Storey Park MLS area

Lat/Long: 34.123069, -116.422080.
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Broker: Courtesy of REGIONCY REAL ESTATE
Listing Agent: NATHAN DIONES

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