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Key Details
Sold Price $441,680
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV16108458
Sold Date 01/31/17
HOA Y/N No
Year Built 1952
Property Description
Highlights; 100% Occupied, Competitive Offering Actual CAP Rate of 8.80 %, Competitive Offering Actual GRM of 6.22, upgraded units, new double pane windows, 98% occupancy non rent controlled area, priced to sale at $38,888/unit. This 12 unit complex is located in Barstow Ca. The property is composed of ten studio units and two 1 bedroom 1 bathroom units. The property has been very well maintained and shows a pride of ownership. Updates include all new double pane vinyl windows, new hardwood flooring, and ceramic tiled kitchens and bathrooms. This apartment community sits on a 1.8 acre lot just north of Interstate 15, one mile west of Historic Route 66. The Apartments are situated near three education centers, two city parks, and the Fort Irwin military base. Property must be purchased with 501 W Fredricks St. (24 Units MLS# IV16108396
Location
State CA
County San Bernardino
Area Bstw - Barstow
Interior
Fireplace No
Exterior
Pool None
Community Features Curbs
Utilities Available Sewer Connected
Private Pool No
Building
Lot Description 11-15 Units/Acre
Water Public
Others
Tax ID 0182113310000
Acceptable Financing Submit
Listing Terms Submit
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with ALBERT LE • LE INVESTMENT GROUP
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