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MLS® ID: RS18165299

304 W Broadway Street

Needles, California, 92363

$749,000 Active
  • - SQFT
17 Units! (could be 18 units) Great Investment! Only $749,000 Also Qualifies for EB 5 program! In the city of Needles CA. 100 % Occupancy for over 3 years! People waiting to get in! No Rent Control. Total of 17 Units (could be 18 units) $ 595+. Per Month per Unit. Annual Gross Rental Income $106,550, Annual Operating Expense Approx. $22,976 , Annual Net Operating Income $ 83,574. Cap Rate Approx.: 11.15% (Pro Forma $95,268 Approx. 12.72% Cap Rate) Landlord Pays for Water ,Trash and Common Area's Gas/Electricity, even Cablevision! That's why people love it, everything included in rent!. Close to Everything Centrally Located, Close to Freeway, Walking Distance to Stores and Transportation Local Management Company. No Vacancy's . Easy to Rent with a waiting list to get in. Most of Tenants are Long-Term Tenants. Rents can be raised! All 16 units were “torn down to the studs” approx. 12 years ago. New drywall, new electrical, plumbing, everything! There is a very large office/apt unit that could be divided into the additional 2 units. 1 Unit intentionally left vacant in property for Owner or Manager
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Listing courtesy of C-21 Masters

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    92363
  • Office name
    C-21 Masters
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Specialty
  • Year built
    0
  • Lot size
    18483.00
  • Tax year
    0
  • Agent name
    Peter Cole
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $700k-$800k
  • Square Feet Range
    < 1000 sq ft.
  • Office ID
    RCMA
  • Agent ID
    RSBLACPET

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