Property Showcase

625 W Broadway StreetNeedles, CA 92363 0

$459,900
Multi-Family
Status: Active
  • Sqft:
  • MLS#: PW17202049
34.837818145751953-114.60373687744141
Courtesy Of Ray Kottapalli, Ray Kottapalli

Description:

Well maintained apartment building. Ideal for a owner -investor. This 25 unit complex represents an excellent opportunity for aninvestor to acquire a unique, stable property with substantial upside in rents and laundry income. Most of the units are upgradedwith Ceramic tiles and new paint. Upgraded plumbing and electrical systems. The building currently has copper plumbing and copperwiring. New toilets have been installed. In addition, the parking lot has been resurfaced and there are new concrete decks, newsignage, and new TV cable hookups. Each apartment is a fully furnished efficiency unit that includes linens and a microwave oven.The current owner has taken great pride in providing a clean, well-maintained property. Needles is one of the oldest cities in SanBernardino County. Founded in 1883 with the coming of the railroad, and incorporated October 30, 1913 as a California Charter City.Located in the very heart of the lower Colorado River recreation area just across the bridge from Arizona and by the tip of Nevada.Needles is the gateway to the Golden State. Needles is rich with history. The Mojave Indians lived in the valley long before settlersarrived, and descendants of the Mojave Indians still reside in the area.EXCLUSIONS:

Main Features:

Listing Status Active Year Built 1951
Garage 0.0 Floors 2
County San Bernardino Rental Price $0
Units 25

Additional Features:

Common Walls 2+ common walls
Community Features Sidewalks
Storm Drains
Street Lighting
Suburban
Land Size Source Assessor
Laundry Community
Individual Room
Levels Two
Lot Features 16-20 Units/Acre
Parking Unassigned
Pool Features None
Property Subtype Commercial/Residential
Special Conditions Standard
Water Source Public

Extra Features:

Cable TV Expense 4225.00 CDOM 730
Fuel Exp 0.00 Gross Income 152000.00
Gross Operating Income 129200.00 Insurance Expense 2000.00
Lot Size Square Feet 15000.00 Maintenance Exp 6000.00
Net Operating Income 82315.00 Number of Buildings 1
Number Of Units Leased 23 Operating Expense 46885.00
Parking Spaces 26.00 Price Per SQFT 47.12
Tax ID 0186112210000 Total Expenses 46885.00

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2017 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2017 California Regional Multiple Listing Service, Inc. All rights reserved.

Last Updated On: 10/21/2017 3:54:19 PM

625 W Broadway Street, Needles, CA 92363

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2017 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Information deemed reliable but not guaranteed.
Copyright© 2017 California Regional Multiple Listing Service, Inc. All rights reserved.

Last Updated On: 10/21/2017 3:54:19 PM

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