304 W Broadway Street

Needles, CA 92363

Offered at $749,000

17 Units! (could be 18 units) Great Investment! Only $749,000 Also Qualifies for EB 5 program! In the city of Needles CA. 100 % Occupancy for over 3 years! People waiting to get in! No Rent Control. Total of 17 Units (could be 18 units) $ 595+. Per Month per Unit. Annual Gross Rental Income $106,550, Annual Operating Expense Approx. $22,976 , Annual Net Operating Income $ 83,574. Cap Rate Approx.: 11.15% (Pro Forma $95,268 Approx. 12.72% Cap Rate) Landlord Pays for Water ,Trash and Common Area's Gas/Electricity, even Cablevision! That's why people love it, everything included in rent!. Close to Everything Centrally Located, Close to Freeway, Walking Distance to Stores and Transportation Local Management Company. No Vacancy's . Easy to Rent with a waiting list to get in. Most of Tenants are Long-Term Tenants. Rents can be raised! All 16 units were “torn down to the studs” approx. 12 years ago. New drywall, new electrical, plumbing, everything! There is a very large office/apt unit that could be divided into the additional 2 units. 1 Unit intentionally left vacant in property for Owner or Manager

Additional Information

Property Type: Commercial Sale, | Status: Active | MLS#: RS18165299 | Building Size: 5114 | Pool: No

Based on information from California Regional Multiple Listing Service, Inc. as of May 28, 2019 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing Courtesy of Cole Peter, C-21 Masters