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$2,195,000

Beds
Unknown
sq ft
Unknown

845 E 6th St, Beaumont, CA 92223

845 E 6th St

Beaumont, CA 92223

  • 63 days on market
    • Price drop $100,000↓
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.

Details

Property type

Apartment

Lot size

0.64 acres

Price per sq ft

Unknown

Year built

1955

HOA

No

Price History

10/31/2024
CRMLS

CRMLS #CV24181611

Listed
$2,195,000
10/16/2024
CRMLS

CRMLS #CV24181611

Pending
$2,195,000
10/01/2024
CRMLS

CRMLS #CV24181611

Price change
$2,195,000
-4.36%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

Status: Active

Tomo last checked: 11/05/2024 at 11:50 AM

Listing updated: 10/31/2024 at 2:50 PM

Listed by: Kevin Struve, MARCUS & MILLICHAP Phone #: (909) 456-3400

MLS: CRMLS #CV24181611

CRMLS logo

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