$179,000

5668 Daisy Avenue

29 Palms CA, 92277

Description

Great duplex in a great neighborhood. Its a quick 10 minute drive to the Marine Corps base for all your reliable Marine tenants. Both units are 2 bedrooms and 1 bathroom. Both units have low maintenance tile or wood floors and come with a refrigerator, stove and swamp cooler. This investment opportunity is priced at a cap rate of 7% based on the actual annual income of $15,500 and low annual expenses of $2,800 (tenants pay all utilities). There is room to raise the rents to $750/mo and get the cap rate up to 8.5%. With an initial investment of 20% down, your pro forma cash on cash return could be 19%! All units are currently rented, so please do not disturb tenants. Drive by only.

Details

MLS#AR20110327
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1960
Days On Site171

Features

SQ Feet1,600
Units2
Building(s)1

Market Activity 92277

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Area Information
StateCA
CountySan Bernardino
City29 Palms
Zip Code92277
AreaDC723 - Harmony Acres
Listing VS Median (in 92277)
Price:
$179,000
low | high
Med:
$48,000
100% of Average
SqFt:
1,600
low | high
Med:
0
100% of Average
$ / SqFt:
$112
low | high
Med:
$0
100% of Average
On Site:
171
low | high
Med:
246
69.512195121951% of Average
Listing Updated: November 27, 2020 12:13:29 AM PST
Geoffrey Soumakian LogoMLS Number: AR20110327
Listing Provided By:
Geoffrey Soumakian  of  Golden State Prop. Inv.
MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.