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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 840,000

Est. payment | -/mo

Save

$ 840,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Own Your Own

Listing Status Active

Purchase Type For Sale

MLS Listing ID 18333552PS

HOA Y/N No

Year Built 1975

Property Sub-Type Own Your Own

Property Description

PRICE REDUCED! Prime Location! Well maintained and well established 10 unit office space units with courtyard. A total of 5463 Sq'. Total rent is about $60,000 pa. and after direct expenses achieves a net income before taxes of $47,121. The property is well located in town with easy access and parking. Many of the tenants in the building are long term and turnover has been modest. The property has been upgraded in the past 5 years with a new roof, A/C units, parking asphalt and the cash assets include a $18,160 deposit with the Hi Desert Water Assessment for the sewer improvement project (i.e. a future expense that has been paid). Right behind Chase bank off Hwy 62. Great Opportunity! Close to Joshua Tree National Park! Owner May Carry with acceptable offer. Effective sales price is 840,000 - 18,000 (Water Assessment paid)= $ 822,000 which provides a cap rate of 5.7 per seller. GREAT OPPORTUNITY!

Location

State CA

County San Bernardino

Area Dc531 - Central East

Interior

Heating Forced Air, Natural Gas

Fireplace No

Building

Story 1

Others

Tax ID 0595172190000

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by DavePaulette Renney Bennion Deville Homes #01735253

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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Address not disclosed Yucca Valley, CA 92284