Est. cap rate

4.7%

Assumed rent, all units

$3,260/mo

Units

2

Price per unit

$207,500

Est. annual NOI

$19,560

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,680 sqft

Lot size

159,038 sqft

Year built

1947

Stories

1

Garage spaces

0

Heating

Propane

Cooling

Evaporative Cooling

Pool

None

View

Desert

Status

Active

Days on market

1

MLS #

247520271

About this property

"INVESTORS ALERT" "Situated on a spacious 3.65-acre lot with prominent highway frontage, this versatile property offers exceptional, potential and abundant outdoor space." Each residence features a well-appointed two bedroom one bathroom layout encompassing approximately 840 square feet of optimize living space. Current rents are positioned below market value and located within an area zoned for ADD (Airport Development District). Prospective purchasers and their representatives are encouraged to consult with municipal authorities regarding potential alternative uses for the property. This presents an excellent opportunity to acquire and retain the property for future development. Priced below market value for a fast sale, this property is being offered in "as-is condition and presents an incredible opportunity. The homes are fully functional with all systems in working conditions, including a recently replaced well water pump and a brand-new fuse box. Perfect for buyers looking for value and peace of mind. "COME SEE IT BEFORE IT'S GONE".

Location

20515 US Highway 395

Adelanto, San Bernardino, CA, 92301