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1117 E Elizabeth St

 Barstow, CA 92311
Active
Status
$210,000
Listing Price
3
Beds
2
Baths
0
Partial Baths
996 Sq. Ft.
$210/Sq. Ft.
 

OVERVIEW

Great investor property. You will receive minimum $1400 monthly rental income immediately after closing deal. Good low cost, low maintenance, long term tenant and want to stay in house and pay rent for future long time. Tenant never missed rent even during COVID-19 pandemic since August 2018 with $1400 monthly which is one of the lowest rents for the same size and condition house in California. The market RENT price IS MORE than $1700 in THIS area. The current investment price is $210,000 with an investment CAP rate of 8%. which is the one of the highest CAP rates in California and Nevada. It may have more than 25% cash to cash return annually by TAKEING 30 YEARS loan. This house price will go up further since Barstow is one of the lowest price cities in California. It has 3 bedrooms, 2 bathrooms, renovated in 2018, newer floorings, newer dual pane windows, newer kitchen, newer appliances, newer paint, one of vanities is newer. Newer washer and dryer bought in 2018 included. Fenced property with covered patio on the back yard. Huge lot size provides an area for parties for friends and family. The cozy home is located in a quiet community, close to schools, museum, parks, grocery stores, outlets mall, public transportation and I-15, I-40 and C-58, C-247 and old road 66. Tenant occupied property, drive by only, please do not disturb the tenant. No showing until accepted offer subject to home inspection. Seller will provide up to $7,000 credit to BUYER FOR closing cost, repair AND upgrade. TEXT (626)362-0523 FOR MORE information. Seller WILL PAY up to 2.5% commission to BUYER agent to facilitate transaction.
Days on Fizber:
185 Days
Source: Fizber.com
 

PROPERTY DETAILS:

PROPERTY BASIC INFORMATION:

Property Information:
  • Year Built:
    1957
  • Property Type:
    Single Family
  • Bedrooms:
    3
  • Full Bathrooms:
    2
  • Partial Bathrooms:
    0
  • Living Square Footage:
    996
  • Lot Square Footage:
    7840
   
 

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Need Help? Contact a Pro

Agent photo
Agent Name:
Daniel Blankenship
Brokerage:
First Team Real Estate
Phone Number:
(760) 552-8188
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