73636 Cactus Dr - Apartments FOR SALE


Twentynine Palms, CA 92277
$825,000 USD
714-315-4560
73636 Cactus Dr, Twentynine Palms, CA for Sale
$825,000 USD
Apartments - FOR SALE
1/12
null | 6.87% Cap Rate

73636 Cactus Dr
Twentynine Palms, CA 92277


HIGHLIGHTS

  • Next to Project Phoenix, farmers market, and the best restaurants in town.

OVERVIEW

Turnkey, cash-flowing property in an amazing location. Located right behind the new downtown renovation project "Project Phoenix. This property is close to local restaurants, bars, and shopping. You can also enjoy the Farmer's Market held in Project Phoenix every Saturday. This property is centrally located in the City of Twentynine Palms. It is close to Joshua Tree National Park, the Marine Base, and Tortoise Rock Casino. This is a 7 unit complex. It has six 1-Bed, 1-Bath units and a studio at the end of the building. This used to be a six unit property with five 1-Bed, 1-Bath units and a two-bed, two-bath unit. The 2nd bedroom unit has a door sealed off and rented separate of the main unit. Buyer responsible for checking permits. There is a dedicated laundry room that has two washers and two dryers. These units are great for small families or individuals looking for an affordable, clean place to call home. The complex has a carport with 6 covered spots, additional uncovered spaces in the parking lot. Current owner has been replacing evaporative coolers with mini-splits. Three units have mini-splits for heating and cooling. Three units have evaporative coolers and wall heaters. The studio has a wall-mounted A/C unit and space heaters.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

7

PRICE/UNIT

$117,857

CAP RATE

6.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

RM

APN/PARCEL ID

0617-114-24

ASK ABOUT THIS PROPERTY

Steve EnochsColdwell Banker Roadrunner Realty IncMore Info
714-315-4560

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Steve EnochsColdwell Banker Roadrunner Realty IncMore Info
714-315-4560

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