• Address: Berry St, Riverside, CA 92503 (map)
• Date Posted: 10/30/09
• Size (sq ft): 4713

Can't Beat The Price! 6 Units On The Lot! 21001 Berry St
Features
Units: 6
Bedrooms: 2
Bathrooms: 1
Year Built: 1968
Square Footage: 4713
Floors in Bldg: 1
Broker: Infinity Group Agent
Agent Name: Jay Kister
MLS #: T09111394
Pricing
Price: $194,000.00
CAP Rate: 12%
Exterior Amenities
Patio
Fenced
Trees/ Garden Area
Description
6-units, each unit is 2 bedrooms, 1 bathroom of approximately 785 sqft each. At under market rents & including third-party property management fees, property boasts a huge 12% CAP rate! Market rents if property is fixed up are $650/month per unit; non-fixed up condition rent is $550/month per unit. The 12% CAP is based off the lower $550/month, so imagine the cap rate when fixed up, if you choose to do so! Also, the 12% cap rate includes a 5% vacancy & nearly 38% expense factor. So if you can get expenses down, this property will be producing huge returns!


For more information or to schedule a viewing of this property, please call the Infinity Group at (619-704-7777) or email at info@onlyinfinity.com

California Department of Real Estate, Real Estate Broker License # 01-796316

Contact: Jay Kister | 619-704-7777 | info@onlyinfinity.com
For additional information, see: http://www.vflyer.com/home/crlk?id=2922328&ps=16 or reply to this ad.