$1,175,000
- Beds
- Unknown
- sq ft
- Unknown
926 Edgar Ave, Beaumont, CA 92223
926 Edgar Ave
Beaumont, CA 92223
- 78 days on market
- Price drop $25,000↓
Highlights: Tremendous Upside with a ProForma CAP Rate of 6.71% / Current CAP Rate of 5.50% / ProForma GRM of 9.60 & Current GRM of 11.20 / Rental Comparables Illustrate a 98% Occupancy Area / 2-bedroom units in Beaumont are currently leasing at a rate of $1,750 per month / The property was constructed in 1977 & is located on a spacious 0.38-acre lot / New & improved rooftops / Charming 6-unit multifamily property / Single-story, cottage-style units / No shared walls between units / Individually metered for gas and electric / Onsite parking available at the rear of the property / Discover a unique investment opportunity in Beaumont, California, with this charming 6-unit multifamily property. Nestled on a spacious 0.38-acre lot, this well-maintained property offers a desirable blend of privacy and convenience with its single-story, cottage-style units, each featuring no shared walls. Built in 1977, each of the six units is thoughtfully designed with 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces for tenants. Recent upgrades include newer roofs, ensuring low maintenance costs and added peace of mind. The property is designed for efficient management with each unit individually metered for gas and electric, and onsite parking available at the rear of the property adds convenience for tenants and guests alike.
Details
Property type
Apartment
Lot size
0.38 acres
Price per sq ft
Unknown
Year built
1977
Price History
10/18/2024
CRMLS #IV24171885
Price change
$1,175,000
-2.08%
08/19/2024
CRMLS #IV24171885
Listed
$1,200,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Suburban
Community features:
Suburban
Status: Active
Tomo last checked: 11/05/2024 at 11:25 AM
Listing updated: 10/24/2024 at 5:45 PM
Listed by: ALBERT LE, LE INVESTMENT GROUP Phone #: (909) 256-7889
MLS: CRMLS #IV24171885
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