845 E 6th Street
Beaumont, CA 92223
0.64 acres | #CV24181611
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.
Property Details
- Lot DescriptionSixteenToTwentyUnitsAcre
- Stories2
Measurements
- Acres0.64
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1955
Utilities / Energy Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- Sewer InformationPublicSewer
Community and Neighborhood Details
- Subdivision, Mt Jacinto
Location
- CountyRiverside
Financial Details
- Original List Price$2,295,000
Other
- MLS #CV24181611
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kevin Struve (#CV43875)
Listing Office: MARCUS & MILLICHAP (#1417)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
