Adelanto, CA 92301,11424 Bartlett Avenue
$500,000
$560,000
10.7%
Est.Price: ?

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4,858 SqFt

11424 Bartlett Avenue Adelanto, CA 92301

Est. payment /mo
SOLD DATE : 01/19/2024

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Key Details

Sold Price $500,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 4,858 sqft

Price per Sqft $102

MLS Listing ID CRIV23186791

Sold Date 01/19/24

HOA Y/N No

Year Built 1936

Lot Size 3.000 Acres

Acres 3.0

Property Description

AFFORDABLE INVESTMENT WITH 4 RENT-PAYING TENANTS! 6% IN-PLACE CAP RATE. PROFORMA 9% CAP RATE. Income-generating and stable investment with opportunity for rent increases. Easy to manage! Tenants pay the utilities. Owner is only responsible for property tax and property insurance. Possibility to build more on this huge 3 Acres Lot! Owner/user possibility. You can also bring your business here and occupy the units. Located in a medically underserved community, In a Primary Care HPSA and In a MUA/P. Buyer advised to verify. The sale includes 1 single family home and 3 retail units. Near busy Highway 395! Across the street from Tri-State Community healthcare center and close to Family Dollar Store. Don't miss one of the BEST and AFFORDABLE investment opportunities.

Location

State CA

County San Bernardino

Area Listing

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Building

New Construction No

Others

Tax ID 0459254150000

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Bridge MLS
Listed by GURJEET BHATIA • Acreage Real Estate
Bought with GurjeetBhatia

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Vid Cotarta

Broker Associate | License ID: 01962807

+1(510) 410-3999

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