CA > Adelanto
Adelanto, CA 92301,11560 Sage St
Adelanto, CA 92301,11560 Sage St
Adelanto, CA 92301,11560 Sage St
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$699,999
Est. payment /mo
8 Beds
4 Baths
2,895 SqFt
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UPDATED:

10/16/2024 05:03 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,895 sqft

Price per Sqft $241

MLS Listing ID 24-399019

Bedrooms 8

Year Built 1985

Lot Size 10,368 Sqft

Acres 0.238

Property Description

High cash-flowing, multi-unit property that is fully tenanted. An incredible opportunity for someone looking to expand their real-estate portfolio.This property currently generates $63,132 / year, meaning gross rental income is 9.02% the price. That's a 7.51 cap rate on the $700,000 ask. There's even room for upside one of the units is currently $800 / mo; you could live in it and make $59,748 per year, or charge market rates and get an even higher cap rate. This is THE property for the high cash flow investor.

Location

State CA

County San Bernardino

Area Adelanto

Rooms

Other Rooms None

Interior

Heating Baseboard

Cooling Swamp Cooler(s)

Equipment None

Exterior

Garage Garage - 1 Car

Garage Spaces 4.0

Building

Level or Stories One

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by EGL Properties Incorporated

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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