$799,000

304 W Broadway Street

Needles CA, 92363

Description

17 Units! (could be 18 units) Great Investment! Only $799,000 Also Qualifies for EB 5 program! In the city of Needles CA. 100 % Occupancy for over 3 years! People waiting to get in! No Rent Control. Total of 17 Units (could be 18 units) $ 595+. Per Month per Unit. Annual Gross Rental Income $106,550, Annual Operating Expense Approx. $22,976 , Annual Net Operating Income $ 83,574. Cap Rate Approx.: 11.15% (Pro Forma $95,268 Approx. 12.72% Cap Rate) 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 . Easy to Rent with a waiting list to get in. Most of Tenants are Long-Term Tenants. Rents can be raised! All 16 units were torn down to the studs approx. 12 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. 1 Unit intentionally left vacant in property for Owner or Manager

Details

MLS#RS18165299
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site245

Features

SQ Feet5,114
Story(s)1
Units16

Market Activity 92363

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Area Information
StateCA
CountySan Bernardino
CityNeedles
Zip Code92363
Area699 - Not Defined
Listing VS Median (in 92363)
Price:
$799,000
low | high
Med:
$150,000
100% of Average
SqFt:
5,114
low | high
Med:
520
100% of Average
$ / SqFt:
$156
low | high
Med:
$72
100% of Average
On Site:
245
low | high
Med:
164
100% of Average
Listing Updated: November 25, 2020 3:19:46 AM PST
Peter Cole LogoMLS Number: RS18165299
Listing Provided By:
Peter Cole  of  C-21 Masters
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.