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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 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
Listed by DavePaulette Renney • Bennion Deville Homes