38197 Williams - Apartments FOR SALE


Yermo, CA 92398
$699,000 USD
909-230-1681
38197 Williams, Yermo, CA for Sale
$699,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

38197 Williams
Yermo, CA 92398


OVERVIEW

This Property Consists of (8) Studio Casitas with Covered Front Patios, Tile Roofs and Each have their Own Electric and Gas Meters & a 9th Building used as Storage on one side and Coin Operated Laundry on the other side w/ (2) Washers and (2) Dryers. Property is Zoned Commercial. A Residential Loan is Not Available for this Property. (4) Casitas were remodeled in 2015 and (4) Were Remodeled in 2018 w/ Permits through SB County. Properties are Being Sold AS IS. Sale Includes a Total of (4) Properties (2) Quad Plexe's and (2) Adjacent Vacant Lots currently used for Overflow Parking. 2022 Income was $70k! 2023 Income is Projected to be $79k+ w an 8% Vacancy Factor. Attached Rent Roll is effective 12/1/23'. The BNSF International Gateway is expected to bring 20,000 direct and indirect jobs to the Barstow Region. Barstow has approved the new 29 Acre Cannabis Super Center at the Former Outlet Mall. Seller is Also the Agent, Manager and has Owned the Properties since 2015. Seller is willing to Manage the Project for the Buyer. Seller has multiple Investment Properties in the Area. You will be hard pressed to find a better Investment Opportunity in SoCal!

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

8

PRICE/UNIT

$87,375

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Pack

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Rural Commercial

APN/PARCEL ID

0537-174-12,0537-174-13,0537-174-14,0537-174-17

ASK ABOUT THIS PROPERTY

Dustin ClickDaybreak Management, Inc.More Info
909-230-1681

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Dustin ClickDaybreak Management, Inc.More Info
909-230-1681

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.