Incredible investment opportunity with massive upside potential! Rare & attractive mixed-use, two-story brick building, with a total of 17 units, comprised of 10 studio apartments and 7 front retail/ commercial spaces below. Current cap at 5.84 % & 12.95 GRM, with projected 7.07 % cap and 10.19 GRM. Building is very low maintenance, & well maintained. Upgrades include: ALL copper plumbing, upgraded electrical, new water heater, fully retrofitted, all commercial tenants separately metered and are on month-to-month leases. 1/3 of the apartments are Section 8, which provides owner with guaranteed income. Property is in a rapidly gentrifying area, close to metro line and many new developments. Phenomenal opportunity to provide investors with a stable return, and long-term appreciation potential.
isidro@alturasrealty.com
Explore these featured properties and don’t miss the opportunity to indulge in the finest in real estate, and elevate your lifestyle to new heights with these exquisite properties.
Located in a wonderful community of Adelanto this single story home was built in 2014…Read More
List Price
Home Size