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29867 N 1st St
Barstow, CA 92311

$550,000 USD

Apartments For Sale  •  5,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,000 SF
  • Lot Size 3.7 AC
  • Building Class C
  • Year Built 1940
  • Zoning RM2, Barstow
0 Transit Score
20 Walk Score

Highlights

FOUR UNITS PURPOSEFULLY LEFT VACANT AFTER REMODELING, TO ALLOW BUYER TO GET MARKET RENTS W/O RENT CONTROL
IN THE MIDDLE OF THE BARSTOW INTERNATIONAL GATEWAY DEVELOPEMENT PLAN, DOUBLING GROWTH IN NEAR FUTURE
AT ACUTAL RENTS, PUTS OUT $84,780 ANNUAL GROSS INCOME, A 6.49 GROSS RENT MULTIPLIER, AN 11.91% CAP RATE, AND A 26.06% CASH ON CASH!!!
AT MARKET RENTS, PUTS OUT $102,720 ANNUAL GROSS INCOME, A 5.35 GROSS RENT MULTIPLIER, AN 16.03% CAP RATE, AND A 42.53% CASH ON CASH!!!
THIS OFFERING IS ON 3.7 ACRES MAKING IT PRIME TO ADD ON A HUGE AMOUNT OF UNITS FOR MAJOR UNIT EXPANSION!!!

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Barstow (Southwest Chief - Amtrak) 2 min - 1.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Tony Burton 951-375-7433 Burton Apartment Realtors
Tony Burton 951-375-7433 Burton Apartment Realtors