$1,175,000
926 Edgar AVE Beaumont, CA 92223
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$1,175,000
Est. payment /mo
4,500 SqFt
Price Dropped by $25K
926 Edgar AVE Beaumont, CA 92223
UPDATED:
10/25/2024 12:42 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $261
Subdivision ,Unknown
MLS Listing ID IV24171885
HOA Y/N No
Year Built 1977
Lot Size 0.380 Acres
Property Description
Highlights: Tremendous Upside with a ProForma CAP Rate of 6.71% / Current CAP Rate of 5.50% / ProForma GRM of 9.60 & Current GRM of 11.20 / Rental Comparables Illustrate a 98% Occupancy Area / 2-bedroom units in Beaumont are currently leasing at a rate of $1,750 per month / The property was constructed in 1977 & is located on a spacious 0.38-acre lot / New & improved rooftops / Charming 6-unit multifamily property / Single-story, cottage-style units / No shared walls between units / Individually metered for gas and electric / Onsite parking available at the rear of the property / Discover a unique investment opportunity in Beaumont, California, with this charming 6-unit multifamily property. Nestled on a spacious 0.38-acre lot, this well-maintained property offers a desirable blend of privacy and convenience with its single-story, cottage-style units, each featuring no shared walls. Built in 1977, each of the six units is thoughtfully designed with 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces for tenants. Recent upgrades include newer roofs, ensuring low maintenance costs and added peace of mind. The property is designed for efficient management with each unit individually metered for gas and electric, and onsite parking available at the rear of the property adds convenience for tenants and guests alike.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating None
Fireplace No
Laundry Inside
Exterior
Carport Spaces 6
Pool None
Community Features Suburban
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 415262021
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Listed by ALBERT LE • LE INVESTMENT GROUP • 909-256-7889
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