204 Woodham Avenue

    Barstow, CA 92311
    • $688,888
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: IG19024071
    $688,888
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,960
      SQFT
    • $174
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    INCREDIBLE, STABLE, INCOME OPPORTUNITY!!! WE ARE TALKING ABOUT A 7.2% CAP AND $5,445 PER MONTH IN GSI!!! This 11 unit building is 100% occupied with stable, long-term tenants, and the number of units makes it a safer investment. Don't let the location scare you. You could buy 2 units in LA/Orange County for the same price, make significantly less money, and take a 50% hit every time a tenant vacates, or you could buy this property which produces more income and distributes the vacancy risk across 11 units. Additionally, from an economic standpoint, the rent affordability makes this property nearly recession-proof. The units are all updated and in great condition. Come out and see for yourself. Whether you are a first-time investor, a seasoned pro, or a retiree looking for stable income, this property has something for you!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/91510156

    204 Woodham Avenue Barstow, CA 92311

    • Price: $688,888
    • Status: Active
    • ID#: IG19024071
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    3,960
    SQFT
    $174
    $/SQFT
    1959
    Built
    Neighborhood:
    BSTW - Barstow
    County:
    San Bernardino
    Area:
    BSTW - Barstow
    Property Description
    INCREDIBLE, STABLE, INCOME OPPORTUNITY!!! WE ARE TALKING ABOUT A 7.2% CAP AND $5,445 PER MONTH IN GSI!!! This 11 unit building is 100% occupied with stable, long-term tenants, and the number of units makes it a safer investment. Don't let the location scare you. You could buy 2 units in LA/Orange County for the same price, make significantly less money, and take a 50% hit every time a tenant vacates, or you could buy this property which produces more income and distributes the vacancy risk across 11 units. Additionally, from an economic standpoint, the rent affordability makes this property nearly recession-proof. The units are all updated and in great condition. Come out and see for yourself. Whether you are a first-time investor, a seasoned pro, or a retiree looking for stable income, this property has something for you!
    Exterior Features

    Carport Spaces 11.00 Garage Spaces 0.00 Lot Features Desert Back Lot Size Source Assessor Lot Size Units Square Feet Parking Total 11.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Rural Country Us Electric Expense 4200.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 65340.00 Gross Scheduled Income 65340.00 Insurance Expense 2000.00 Land Lease YN No Laundry YN Yes Net Operating Income 48985.00 New Construction YN No New Taxes Expense 3000.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 16355.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 14600.00 Trash Expense 1800.00 Water Sewer Expense 3600.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Nazar Kalayji of Provident Real Estate and Tessa Wilkerson of Provident Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-21T00:34:12.42. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024