$ 699,999
11560 Sage ST Adelanto, CA 92301
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$ 699,999
Est. payment | /mo
8 Beds
4 Baths
2,895 SqFt
$ 699,999
Est. payment | /mo
8 Beds
4 Baths
2,895 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,895 sqft
Price per Sqft $241
MLS Listing ID 24399019
Bedrooms 8
HOA Y/N No
Year Built 1985
Lot Size 10,367 Sqft
Property Description
High cash-flowing, multi-unit property that is fully tenanted. An incredible opportunity for someone looking to expand their real-estate portfolio.This property currently generates $63,132 / year, meaning gross rental income is 9.02% the price. That's a 7.51 cap rate on the $700,000 ask. There's even room for upside one of the units is currently $800 / mo; you could live in it and make $59,748 per year, or charge market rates and get an even higher cap rate. This is THE property for the high cash flow investor.
Location
State CA
County San Bernardino
Area Adl - Adelanto
Interior
Heating Baseboard
Cooling Evaporative Cooling
Fireplace No
Exterior
Garage Door-Single, Garage
Total Parking Spaces 4
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0459253070000
Special Listing Condition Standard
Listed by Jason Hurst • EGL Properties Incorporated
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Mitch Stein
Partner | Lic# DRE# 02081632