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Listed by Herbert Diaz, DRE #01458024 • PLF Real Estate Solutions
$979,900
Est. payment /mo
1.03 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW24161111
Year Built 1947
Lot Size 1.030 Acres
Source California Regional MLS
Property Description
***MASSIVE PRICE REDUCTION***Welcome to a lucrative investment opportunity nestled in the heart of 29 Palms. This multi-unit property, located at 6038 Bagley Avenue, boasts 10 spacious and well-maintained units, offering a blend of comfort and convenience. This property is an ideal addition to any investment portfolio, offering a winning combination of current income and future appreciation. The area is known for its proximity to Joshua Tree National Park, making it a popular spot for nature lovers and those seeking outdoor activities. Don't miss this opportunity to acquire a valuable piece of real estate in a growing community. 10 well maintained units the have a solid rental track record. Mix of a Studio, 1's, 2's & Onsite laundry. Also, each unit is individually metered for electricity! Current Actual Cap rate 7.42%!!! and GRM is 9.8%!!
Location
State CA
County San Bernardino
Area 699 - Not Defined
Interior
Laundry 30, 38
Exterior
Garage Spaces 12.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 0618282100000
Special Listing Condition Not Applicable
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Margaret Randtke
Broker Associate | License ID: DRE# 01702682
Broker Associate License ID: DRE# 01702682