Barstow, CA 92311,518 W Fredricks ST

$441,680

$466,667

5.4%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 01/31/2017

Key Details

Sold Price $441,680

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID IV16108458

Sold Date 01/31/17

HOA Y/N No

Year Built 1952

Property 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. This 12 unit complex is located in Barstow Ca. The property is composed of ten studio units and two 1 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 Apartments are situated near three education centers, two city parks, and the Fort Irwin military base. Property must be purchased with 501 W Fredricks St. (24 Units MLS# IV16108396

Location

State CA

County San Bernardino

Area Bstw - Barstow

Interior

Fireplace No

Exterior

Pool None

Community Features Curbs

Utilities Available Sewer Connected

Private Pool No

Building

Lot Description 11-15 Units/Acre

Water Public

Others

Tax ID 0182113310000

Acceptable Financing Submit

Listing Terms Submit

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by ALBERT LE • LE INVESTMENT GROUP
Bought with ALBERT LE • LE INVESTMENT GROUP
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