845 E 6Th Street
Beaumont, CA 92223
$100,000.00 (-4.36%)
Active Under Contract for $2,195,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 27,878 sqft
| MLS | CV24181611 |
| Year Built | 1955 |
| Property Type | Apartment |
| County | Riverside |
| Status | Active Under Contract |
| Active Under Contract | $2,195,000 |
| Structure Size | N/A sqft |
| Lot Size | 27,878 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Kevin Struve, MARCUS & MILLICHAP . *Based on information from the Association of REALTORS/Multiple Listing as of 11/25/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Cavasi King
REALTOR®
Direct: 310.403.8627
Email: Email Me
DRE: 0215856
DRE #01873088
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