$979,900
About this home
***MASSIVE PRICE REDUCTION***Welcome to a lucrative investment opportunity nestled in the heart of 29 Palms. This multi-unit property, located at 6038 Bagley Avenue, boasts 10 spacious and well-maintained units, offering a blend of comfort and convenience. This property is an ideal addition to any investment portfolio, offering a winning combination of current income and future appreciation. The area is known for its proximity to Joshua Tree National Park, making it a popular spot for nature lovers and those seeking outdoor activities. Don't miss this opportunity to acquire a valuable piece of real estate in a growing community. 10 well maintained units the have a solid rental track record. Mix of a Studio, 1's, 2's & Onsite laundry. Also, each unit is individually metered for electricity! Current Actual Cap rate 7.42%!!! and GRM is 9.8%!!
Facts & features
- Laundry
- Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, See Remarks
- Levels
- One
- Lot size
- 1.03 acres (44,866 sq ft)
- Pool
- None
- Year built
- 1947
- Parking spaces
- 12
- Area
- 699 - Not Defined
- County
- San Bernardino
- Community features
- Rural, Valley
- Status
- Active
- Property type
- Mixed Use
- Days on market
- 387
- Listed
- 2024-08-05
- Original price
- $1,250,000
- Terms
- Cash To New Loan, Submit
- Parcel #
- 0618282100000
- MLS #
- DW24161111
