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11424 Bartlett Avenue Adelanto, CA 92301
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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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Bought with GurjeetBhatia