$2,195,000
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845 6th Street Beaumont, CA 92223
Apartment
Residence
Beds
Baths
...
Bed/Bath
7,200
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
The 6th Street apartments is a 16-unit multi-family property located at 845 E. 6th Street in Beaumont, California.
Situated on a spacious ±0.64-acre corner lot, this property features mostly single-story units and a pitched
composition roof. Built in 1937 / 1955, the building has 8 studio units, ...6 one-bedroom units, and two 2-bedroom units.
Over the past 3 years, 11 of the 16 units are updated with new flooring and paint. The property is master metered for electric and gas,
with the owner additionally responsible for water / sewer, and trash. An astute investor has the opportunity
to enhance cash flow by installing sub-meters for electricity. This investment offers solid returns and significant value-add potential in a growing market.
Seller Financing Available at 6% Interest Only for 3 Year. In place cap rate of 6.1% and 9.2 GRM.
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MLS#
CV24181611
Property Type
Apartment
Year Built
1955
Square Feet
7,200
sq. ft
Lot Size
0.64
Stories
2.0
Sewer
Sewer Connected, Public Sewer
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