$700,000
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11560 Sage Street Adelanto, CA 92301
Cluster
Residence
8
Beds
4
Baths
...
Bed/Bath
2,895
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
You will have to come in with some cash, maybe up to 50% as Banks won't appraise as total rents are higher than market rents. Still upside as one of the 2br are at $800 a month vs $1600. To be open and honest about it, the building can use some TLC, but the cash flow is there it makes up for it. ...7.51 CAP rate. $700,000 buy price will make you $5,779 a month or $69,348 a year that is a 9.9% gross return. If you want to make a good return on your cash, then this property is for you. Very few properties out there making this high of a return.
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MLS#
24399019
Property Type
Cluster
Bedrooms
8
Bathrooms
Year Built
1985
Square Feet
2,895
sq. ft
Lot Size
0.24
Stories
1.0
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