7211 Joshua Lane
Yucca Valley, CA 92284
$840,000
Active | #18333552PS
Active
Description
PRICE REDUCED! Prime Location! Well maintained and well established 10 unit office space units with courtyard. A total of 5463 Sq'. Total rent is about $60,000 pa. and after direct expenses achieves a net income before taxes of $47,121. The property is well located in town with easy access and parking. Many of the tenants in the building are long term and turnover has been modest. The property has been upgraded in the past 5 years with a new roof, A/C units, parking asphalt and the cash assets include a $18,160 deposit with the Hi Desert Water Assessment for the sewer improvement project (i.e. a future expense that has been paid). Right behind Chase bank off Hwy 62. Great Opportunity! Close to Joshua Tree National Park! Owner May Carry with acceptable offer. Effective sales price is 840,000 - 18,000 (Water Assessment paid)= $ 822,000 which provides a cap rate of 5.7 per seller. GREAT OPPORTUNITY!
Property Details
Property
- Stories:1
Construction Details
Type & Style
- Property type:Purchase
Condition
- Year built:1975
Community and Neighborhood Details
Location
- County:San Bernardino
Financial Details
Pricing Details
- Original list_price:$895, 000
- Selling office_commission:3.000
Other
Source
- MLS #:18333552PS
Location
Legal
Notice: This listing provided courtesy of California Regional Multiple Listing Service (CRMLS). The information contained in this listings has not been verified by us or the MLS and should be verified by the parties interested.
Last Updated: . Source: CRMLS
Listing Courtesy
Agent: DavePaulette Renney (#CDAR-D76956)
Office: Bennion Deville Homes (#CDAR-PS6065)
Anthony ElminoufiReal Estate Group
Interested in Purchasing 7211 Joshua Lane?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not necessarily include accurate taxes or homeowner's insurance.
$100
Monthly Payment
