6038 Bagley AVE Active Save Request In-Person Tour Request Virtual Tour
29 Palms,CA 92277
Key Details
Property Type Residential Income
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW24161111
Year Built 1947
Lot Size 1.030 Acres
Property Sub-Type Mixed Use
Property Description
***MASSIVE PRICE REDUCTION***Welcome to a lucrative investment opportunity nestled in the heart of 29 Palms. This multi-unit property, located at 6038 Bagley Avenue, boasts 10 spacious and well-maintained units, offering a blend of comfort and convenience. This property is an ideal addition to any investment portfolio, offering a winning combination of current income and future appreciation. The area is known for its proximity to Joshua Tree National Park, making it a popular spot for nature lovers and those seeking outdoor activities. Don't miss this opportunity to acquire a valuable piece of real estate in a growing community. 10 well maintained units the have a solid rental track record. Mix of a Studio, 1's, 2's & Onsite laundry. Also, each unit is individually metered for electricity! Current Actual Cap rate 7.42%!!! and GRM is 9.8%!!
Location
State CA
County San Bernardino
Area 699 - Not Defined
Zoning C-1
Interior
Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,See Remarks
Exterior
Pool None
Community Features Rural,Valley
Building
Lot Description Lot Over 40000 Sqft
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan,Submit
Listing Terms Cash to New Loan,Submit
Special Listing Condition Standard