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Listed by Herbert Diaz • PLF Real Estate Solutions
$ 979,900
Est. payment | /mo
10,450 SqFt
$ 979,900
Est. payment | /mo
10,450 SqFt
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 10,450 sqft
Price per Sqft $93
MLS Listing ID DW-24161111
Year Built 1947
Lot Size 1.030 Acres
Property Sub-Type Commercial/Residential
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
Zoning C-1
Interior
Laundry See Remarks, Gas & Electric Dryer Hookup, Washer Hookup
Exterior
Pool None
Community Features Rural, Valley
Building
Lot Description Lot Over 40000 Sqft
Sewer Public Sewer