501 W Fredricks Street,  Barstow CA, 92311 (Residential Income)

17,268 sqft
Status: Pending
MLS#: IV16108396
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Last Updated: 12/6/2016 2:59 AM
Description for 501 W Fredricks Street Barstow, CA 92311
Highlights; 100% Occupied, Competitive Offering Actual CAP Rate of 8.80 %, Competitive Offering Actual GRM of 6.22, upgraded units, new double pane windows, 98% occupancy non rent controlled area, priced to sale at $38,888/unit. The Garden View Apartments are 24 Units located in Barstow Ca. The property is composed of eight 1 bedroom 1 bathroom units and sixteen two bedroom 1 bathroom units. The property has been very well maintained and shows a pride of ownership. Updates include all new double pane vinyl windows, new hardwood flooring, and ceramic tiled kitchens and bathrooms. This apartment community sits on a 1.8 acre lot just north of Interstate 15, one mile west of Historic Route 66. The Garden View Apartments are situated near three education centers, two city parks, and the Fort Irwin military base. Property must be purchased with 518 W Fredricks St. (12 Units MLS# IV16108458)
Price
$933,333
San Bernardino
17,268 (approx)
IV16108396
Pending
Description
Highlights; 100% Occupied, Competitive Offering Actual CAP Rate of 8.80 %, Competitive Offering Actual GRM of 6.22, upgraded units, new double pane windows, 98% occupancy non rent controlled area, priced to sale at $38,888/unit. The Garden View Apartments are 24 Units located in Barstow Ca. The property is composed of eight 1 bedroom 1 bathroom units and sixteen two bedroom 1 bathroom units. The property has been very well maintained and shows a pride of ownership. Updates include all new double pane vinyl windows, new hardwood flooring, and ceramic tiled kitchens and bathrooms. This apartment community sits on a 1.8 acre lot just north of Interstate 15, one mile west of Historic Route 66. The Garden View Apartments are situated near three education centers, two city parks, and the Fort Irwin military base. Property must be purchased with 518 W Fredricks St. (12 Units MLS# IV16108458)
Listing Information
Property Type: Cluster, Other
1.84 Acres 8,015,000 sq.ft. 17,268 (approx)
$54.05 1952
24 Total
Neighborhood
Room Information
Exterior / Lot Features
24 Parking Spaces
None
No Pool
Curbs Walk
Driving Directions
Cross Streets: Otis Ave.
Financial Considerations
0182121140000
$153,264 Income ,$61,867Expense
Listing Price History

Barstow Real Estate

Barstow is located in California. Barstow, California 92311 has a population of 22,836.

The median household income in Barstow, California 92311 is $44,623. The median household income for the surrounding county is $54,750 compared to the national median of $53,046. The median age of people living in Barstow 92311 is 32.9 years.

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Courtesy: LE INVESTMENT GROUP ALBERT LE
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