845 6th Street, Beaumont, CA 92223
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- MLS#: CV24181611 ( Apartment )
- Street Address: 845 6th Street
- Viewed: 7
- Price: $2,195,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1955
- Bldg sqft: 0
- Days On Market: 111
- Additional Information
- County: RIVERSIDE
- City: Beaumont
- Zipcode: 92223
- Subdivision: Other (othr)
- Provided by: MARCUS & MILLICHAP
- Contact: Kevin Kevin
- DMCA Notice
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DescriptionThe 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.
Property Location and Similar Properties
Features
Association Fee
- 0.00
Building Area Total
- 7200.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- Wall/Window Unit(s)
Country
- US
Days On Market
- 108
Electric Expense
- 16032.00
Fireplace Features
- None
Fuel Expense
- 13030.00
Garage Spaces
- 0.00
Gardner Expense
- 2400.00
Heating
- Wall Furnace
Insurance Expense
- 3958.00
Laundry Features
- None
Levels
- Two
Lockboxtype
- None
Lot Features
- 16-20 Units/Acre
Netoperatingincome
- 133942.00
Newtaxesexpense
- 29250.00
Otherexpense
- 4000.00
Parcel Number
- 418112011
Pest Control Expense
- 900.00
Pool Features
- None
Postalcodeplus4
- 2387
Professionalmanagementexpense
- 8400.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 422291416:CRM
Subdivision Name Other
- Mt Jacinto
Taxblock
- 95
Tenant Pays
- Cable TV
- Telephone
Totalactualrent
- 19888.00
Totalexpenses
- 99483.00
Trash Expense
- 4243.00
Uncovered Spaces
- 16.00
Utilities
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
Water Sewer Expense
- 7241.00
Year Built
- 1955
Year Built Source
- Public Records
Zoning
- C2