11571319 Property For Sale: 1525 west main street, Barstow, CA, 92311

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Type:	Property
Address:	1525 West Main Street, Barstow, CA, 92311
Bedrooms:	N/A
Bathrooms:	N/A
Year Built:	N/A
Sq. Footage:	N/A
Price/Sqft:	N/A
Property Tax:	^new! $16,827
Price:	$1,895,000
Sale Type:	For Sale by Agent

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Listing added: 2009-06-09

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Description

Additional features: School district: , , ,

105K REDUCTION! 11.0%%%% CAP RATE PRO-FORMA BASED ON 5%%%% VACANCY & EQUALIZED RENTS. 77 UNITS IN BARSTOW(PLUS AN S.F.R) (52 M.H. SPACES & 23 APT.UNITS, 2 TENANT RETAIL BUILDINGS) AND 1 S.F.R WHICH IS CURRENTLY OCCUP. BY MANAGER. THE PROPERTY HAS BEEN UPGRADED IN THE PAST 3 YRS. AND THE SELLER HAS BEEN FILLING VACANCIES. THIS PARK IS LOCATED JUST OUTSIDE THE MAIN COMMERCIAL DISTRICT OF BARSTOW NEAR INTERSTATE 15. UPGRADED IN THE LAST SEVERAL YRS. WITH INDIVIDUAL METERS + WIRING + BREAKERS COMPLETE ON MH PARK. VALUE ADDED. LAUNDRY ROOM READY FOR USE. GREAT UPSIDE POTENTIAL WITH PROPER MANAGEMENT. ONLY 31%%%% DOWN (6%%%% INTEREST RATE UNTIL 4/1/2011) 18.5%%%% CASH ON CASH RETURN

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