2259 Inyo Street 2259 Inyo Street Mojave, California 93501 United States
2259 Inyo Street Mojave, California 93501 United States
$400,000
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Investor's Special! This property is ready for you to turn it into 10 units (city plans are awaiting approval) Each unit should rent for about $900 which shows $9000/ Month. At cap rate of 6% and 25% vacancy rate this property can be worth about...
- .347 Acres
- Exterior
- Commercial
- Property type
- 1929
- Year Built
- SR24043616
- Web Id
- SR24043616
- MLS ID
- 58
- days ago
About 2259 Inyo Street
Investor's Special! This property is ready for you to turn it into 10 units (city plans are awaiting approval) Each unit should rent for about $900 which shows $9000/ Month. At cap rate of 6% and 25% vacancy rate this property can be worth about 1.3M. The cost to renovate the property would be about $300K-$400K (based on two rough estimates) It has been a church in the past, and has other uses - potentially a group home? It is located just 1/2 hour from Palmdale, Edwards Airforce Base and Bakersfield! Check out Aerotech News to see some upcoming plans for Mojave! This is a great opportunity to take advantage of some great things to come! This is for a savvy investor.
Listing Courtesy of eXp Realty of California Inc, Email/Phone : 818-679-3696
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Courtesy of eXp Realty of California Inc, Email/Phone : 818-679-3696
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
PROPERTY INFORMATION
- Water
- Public
EXTERIOR
- Construction
- Stucco
- Roofing
- Composition, Shingle
Listing Courtesy of eXp Realty of California Inc, Email/Phone : 818-679-3696