304 W Broadway St, Needles, CA
Others for Sale - $749,000 - 0.42 acres
Property Info
CIMLS# | 1019714 |
Location 304 W Broadway St Needles CA 92363 | |
Updated | August 29th, 2019 |
Type | Others |
Price | $749,000 |
Land | 0.42 acres |
Property Description
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