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222 F Street, Needles, CA 92363

$399,000
Commercial Property MLS# RS16073045 ID: 38220553
$399,000 Get Rates

Cap Rate 11% !!! 15 Units 2 are One Bedroom, One Bath; 10 are studios for $ 450-$550 Per Month per Unit. The last 3 Units are: one 3 Bedroom One Bath at $ 1,450 Per Month. (which could be divided into a 2 bedroom with a studio unit) also 3 additional studio units.(which need to be remodeled, being used as storage) Would make a total of 17 units. Owners brother there and will move before the close of escrow. Annual Gross Rental Income $88,440 , Annual Operating Expense Appox. $ 30,608.84 , Annual Net Operating Income $ 38,814 Cap Rate Approx.: 11%. Landlord Pays for Water ,Trash and Common Area's Gas/Electricity even Cablevision! That's why tenants 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 waiting list to get in. Most of Tenants are Long-Term Tenants. Rents are low and can be raised!

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Location Information near 222 F Street
Offered by Peter Black at C-21 Masters

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Property Features for 222 F Street
Status
Market Status
Available
Last Updated
August 18, 2017
Description
Property Type
Commercial Property
Approx. Lot Size
0.19 Acres
Sq. Feet
100

Location

  • MLS Area: 699 - Not Defined
  • Peter Black
  • C-21 Masters

Data Provided by:
California Regional Multiple Listing Service

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More information about this $399,000 Commercial Property at 222 F Street

This $399,000 Commercial Property at 222 F Street in Needles, CA is presented by Peter Black. This $399,000 Commercial Property, located in the 92363 zip code, has the following property features: MLS Area. This 222 F Street Commercial Property, located in San Bernardino County , is listed under MLS listing number RS16073045 and has a listing price of $399,000. You can find more NEEDLES homes for sale here.