Description
17 Units! (could be 18 units) Great Investment! Only $799,000 Also Qualifies for EB 5 program! In the city of Needles CA. 100 % Occupancy for
over 3 years! People waiting to get in! No Rent Control. Total of 17 Units (could be 18 units) $ 595+. Per Month per Unit.
Annual Gross Rental Income $106,550, Annual Operating Expense Approx. $22,976 , Annual Net Operating Income $ 83,574. Cap Rate
Approx.: 11.15% (Pro Forma $95,268 Approx. 12.72% Cap Rate) Landlord Pays for Water ,Trash and Common Area's Gas/Electricity, even Cablevision! That's why people love it,
everything included in rent!. Close to Everything Centrally Located, Close to Freeway, Walking Distance to Stores and Transportation
Local Management Company. No Vacancy's . Easy to Rent with a waiting list to get in. Most of Tenants are Long-Term
Tenants. Rents can be raised! All 16 units were “torn down to the studs” approx. 12 years ago. New drywall, new
electrical, plumbing, everything! There is a very large office/apt unit that could be divided into the additional 2 units.
1 Unit intentionally left vacant in property for Owner or Manager
Map
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