• Address: 83rd Ave, Thermal, CA 92274 (map)
• Date Posted: 10/30/09
• Size (sq ft): 12632

Going Quick! 12 Studio Units!!! 20873 83rd ST
Features
Units: 12
Bedrooms: 1
Bathrooms: 1
Year Built: 1986
Square Footage: 12632
Floors in Bldg: 2
Broker: Infinity Group Agent
Agent Name: Jay Kister
MLS #: T09112505
Pricing
Price: $275,000.00
CAP Rate: 12%
Exterior Amenities
Fenced
Description
12-units, all studio units of approximately 440sqft each. Building is newer, tons of parking, large lot with 'common grounds' for tenants, requires minimal landscape care (typical for the area). ---Only 3 units currently occupied, but huge upside for rents. Using below-market rent of $375/month per unit, a 5% vacancy factor, & nearly a 35% expense factor (high to be conservative & includes prop management fees!), this property still pulls a HUGE 12% CAP rate at this price!!!---And if you can owner-manage this property, you will be cutting out more expenses, therefore increasing cash-flow & that CAP rate! ---And this amazing 12+% CAP rate and price, this property will receive multiple offers, so submit your highest & best! ---


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=2922321&ps=16 or reply to this ad.