301 W Broadway Street

    Needles, CA 92363
    • $329,900
    • STATUS: Active
    • ON SITE: 392 days
    • ID#: OC18018381
    UPDATED: 7 min ago
    $329,900
    • 0
      BEDS
    • 0.89
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,211
      SQFT
    • $46
      $/SQFT
    Neighborhood:
    DC770 - Needles
    Type:
    Multi-Family
    Built:
    1910
    County:
    San Bernardino
    Area:
    DC770 - Needles

    School Ratings & Info

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    Description

    Great opportunity to own rental properties in Needles with over 9% cap rate. This portfolio consists of five single family residences and one duplex. All of which are located within 3.5 miles of each other. There is a great mix of one, two, and three bedroom properties. Five of the seven units have on-site parking with some featuring a carport. Must see.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T13:34:41.95. 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/80228839

    301 W Broadway Street Needles, CA 92363

    • Price: $329,900
    • Status: Active
    • Updated: 7 min ago
    • ID#: OC18018381
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.89
    Acres
    7,211
    SQFT
    $46
    $/SQFT
    1910
    Built
    Neighborhood:
    DC770 - Needles
    County:
    San Bernardino
    Area:
    DC770 - Needles
    Property Description
    Great opportunity to own rental properties in Needles with over 9% cap rate. This portfolio consists of five single family residences and one duplex. All of which are located within 3.5 miles of each other. There is a great mix of one, two, and three bedroom properties. Five of the seven units have on-site parking with some featuring a carport. Must see.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Attached Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    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 No Common Walls Laundry Features Gas & Electric Dryer Hookup Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 9.10 Community Features Rural Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 0.00 Gross Multiplier 8.11 Gross Operating Income 42480.00 Gross Scheduled Income 44400.00 Insurance Expense 3245.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1750.00 Net Operating Income 32710.00 New Construction YN No New Taxes Expense 4775.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 6 Number Of Units Leased 7 Operating Expense 9770.00 Operating Expense Percent 22.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 3700.00 Total Expenses 9770.00 Trash Expense 0.00 Vacancy Allowance 1920 Vacancy Allowance Rate 5.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Daniel Escutia of Esen Real Estate Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T13:34:41.95. 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