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$1,175,000

Est. payment - /mo

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4,500 SqFt

Price Dropped by $25K

926 Edgar AVE Beaumont, CA 92223

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/25/2024 12:42 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $261

Subdivision ,Unknown

MLS Listing ID IV24171885

HOA Y/N No

Year Built 1977

Lot Size 0.380 Acres

Property Description

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.

Location

State CA

County Riverside

Area 263 - Banning/Beaumont/Cherry Valley

Rooms

Ensuite Laundry Inside

Interior

Laundry Location Inside

Heating None

Fireplace No

Laundry Inside

Exterior

Carport Spaces 6

Pool None

Community Features Suburban

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 415262021

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Listed by ALBERT LE • LE INVESTMENT GROUP • 909-256-7889

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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