845 E 6th Street, Beaumont, CA 92223

$2,195,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Agent Remarks

The 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.

Listing Details

Property type: Apartment (Multi-Family)

Status: Pending

MLS# CV24181611

List price is $2,195,000 Reduced by $100,000 on 10/2/2024

Price: $2,195,000

HOA Fee is $0.00

Beds: 0

Baths: 0

None fireplaces

Built in 1955

2 stories