Courtesy of: Catherine Toso, eXp Realty of California Inc, CathyTosoSells@gmail.com
Courtesy of: Catherine Toso, eXp Realty of California Inc, CathyTosoSells@gmail.com
$400,000
|
Other
|
$400,000
2259 Inyo Street Investor's Special! This property is ready for you to turn it into 10 units (city plans are awaiting approval) Each unit should rent for about $900 which shows $9000/ Month. At cap rate of 6% and 25% vacancy rate this property can be worth about 1.3M. The cost to renovate the property would be about $300K-$400K (based on two rough estimates) It has been a church in the past, and has other uses - potentially a group home? It is located just 1/2 hour from Palmdale, Edwards Airforce Base and Bakersfield! Check out Aerotech News to see some upcoming plans for Mojave! This is a great opportunity to take advantage of some great things to come! This is for a savvy investor.
Courtesy of: Catherine Toso, eXp Realty of California Inc, CathyTosoSells@gmail.com
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.