304 W Broadway Street

    Needles, CA 92363
    • $749,000
    • STATUS: Active
    • ON SITE: 498 days
    • ID#: RS18165299
    UPDATED: 57 min ago
    $749,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,114
      SQFT
    • $146
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    17 Units! (could be 18 units) Great Investment! Only $749,000 Also Qualifies for EB 5 program! In the city of Needles CA. 100 % Occupancy forover 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 RateApprox.: 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 TransportationLocal Management Company. No Vacancy's . Easy to Rent with a waiting list to get in. Most of Tenants are Long-TermTenants. Rents can be raised! All 16 units were +G+torn down to the studs+G- approx. 12 years ago. New drywall, newelectrical, 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

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-21T17:32:32.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/85460602

    304 W Broadway Street Needles, CA 92363

    • Price: $749,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: RS18165299
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    5,114
    SQFT
    $146
    $/SQFT
    Neighborhood:
    699 - Not Defined
    County:
    San Bernardino
    Area:
    699 - Not Defined
    Property Description
    17 Units! (could be 18 units) Great Investment! Only $749,000 Also Qualifies for EB 5 program! In the city of Needles CA. 100 % Occupancy forover 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 RateApprox.: 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 TransportationLocal Management Company. No Vacancy's . Easy to Rent with a waiting list to get in. Most of Tenants are Long-TermTenants. Rents can be raised! All 16 units were +G+torn down to the studs+G- approx. 12 years ago. New drywall, newelectrical, 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
    Exterior Features

    Lot Features Yard Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features Common Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Specialty Special Listing Conditions Standard Water Source See Remarks

    Listing provided courtesy of Peter Cole of C-21 Masters


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-21T17:32:32.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
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