926 Edgar Avenue , Beaumont, CA 92223
Beaumont, CA 92223
Description
Highlights: Tremendous Upside with a ProForma CAP Rate of 6.26% / Current CAP Rate of 5.00% / ProForma GRM of 11.44 & Current GRM of 9.80 / 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.
Details
| MLS | IV24171885 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1977 |
| Days On Site | 54 |
| Listing Provided By | LE INVESTMENT GROUP 909-256-7889 | ALBERT LE |
Features
| SQ Feet | 4,500 |
|---|---|
| Car Port | Yes |
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 6 |
| Acreage | 0.38 |
Market Activity 92223
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Beaumont |
| Zip Code | 92223 |
| Area | 263 Banning | Beaumont | Cherry Valley |
| Community Name | ,Unknown |
| Listing VS Median (in ,Unknown) | |
Price: $1,200,000 low | high Med: $0 On Site: 54 low | high Med: | |