55966 SANTA FE, YUCCA VALLEY CA 92284

  • 4,956 sq.ft.
  • 10,415 sq.ft. lot
offered at $525,000
MLS#:IV18198028
Status: Active // Property Type:
County: San Bernardino // Year Built: 1975

Property Description

Property Highlights, Competitive Offering Actual CAP Rate of 7.02 %, ProForma CAP Rate of 7.52 % •ProForma CAP Rate Based on Increasing Rents to Current Market Rental Rates. Offering Actual GRM of 9.02, With a ProForma GRM of 8.29, $25,000+ in Capital Improvements Completed Between 2017-2018. •The Improvements Include: Complete renovations to 3 units.100 % Occupied With Long Term Tenants, Conservative 7 -10% Upside in Potential Rental Income. Rental Comparables Illustrate a 96 % Occupancy Area. •Rental Survey Completed 07/03/18. Well Maintained Onsite Laundry Room•$1,500 Additional Source of Annual Income. Pride Of Ownership, Absolute Turn Key asset. The 55966 Santa Fe Trail Apartment community is a true pride of ownership property, owned and operated by the same owner. Located on a large 0.239 acre lot. The property is composed of five 1-bedroom 1-bathroom (670 sq. ft.) and two 2-bedroom 1-bathroom units. The tenants are afforded with covered on site parking with access to a coin-op laundry facility. The owner has invested $25k in capital expenditures to completely renovate 3 units.

Listing Courtesy of ALBERT LE, LE INVESTMENT GROUP

Exterior Features

Exterior Features: Sidewalks
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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