845 E 6th Street , Beaumont, CA 92223
Beaumont, CA 92223
Description
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.
Details
| Mls | CV24181611 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active Under Contract |
| Year | 1955 |
| Days On Site | 100 |
| Listing Provided By | MARCUS & MILLICHAP 909-456-3400 | Kevin Struve |
Features
| Sq Feet | 7,200 |
|---|---|
| Storys | 2 |
| Units | 16 |
| Buildings | 1 |
| Zoning | C2 |
| Acreage | 0.64 |
Market Activity 92223
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Beaumont |
| Zip Code | 92223 |
| Area | 263 Banning | Beaumont | Cherry Valley |
| Community Name | Mt Jacinto |
| Listing VS Median (in Mt Jacinto) | |
Price: $2,195,000 low | high Med: $2,195,000 SqFt: 7,200 low | high Med: 7,200 $ / SqFt: $305 low | high Med: $305 On Site: 100 low | high Med: 100.000000 | |
