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Multi-Use Building for Sale Ideal Investment 54790 N Circle Dr

3 Unit Block of Flats £572,702 (£190,901/Unit) 6.75% Net Initial Yield Idyllwild, CA 92549

Investment Highlights

  • Multi Family
  • Office commercial space

Executive Summary

This versatile multi-use property offers a unique combination of residential and commercial space, perfectly suited for a variety of business. Located on N. Circle this great investment features:Residential Unit 1: A 1-bedroom, 1-bath apartment (500 sq. ft.) unit. This is an upstairs unit currently rented and bringing in $1500/mo. Residential Unit 2: A Standalone 1-bedroom, 1-bath house (1200 sq. ft.) Separate Driveway and currently brings in $1500/mo. The Commercial Unit: A prime commercial space (500 sq. ft.) featuring a convenient half-bath, perfect for a variety of uses such as retail, office, or studio. Featuring ample windows Main floor access and additional sq footage.Whether you're looking for a mixed-use investment, a live/work setup, or a location for your business, this property provides the flexibility to suit many needs. With a total of 2,200 sq. ft. of space and a prime location, it's a great opportunity for those looking to expand their portfolio or establish a presence in Idyllwild.

Data Room Click Here to Access

  • Offering Memorandum

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £41,998 £19.09
Other Income - -
Vacancy Loss - -
Effective Gross Income £41,998 £19.09
Taxes £4,061 £1.85
Operating Expenses £1,432 £0.65
Total Expenses £5,493 £2.50
Net Operating Income £36,505 £16.59

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £41,998
Annual Per SF £19.09
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £41,998
Annual Per SF £19.09
Taxes
Annual £4,061
Annual Per SF £1.85
Operating Expenses
Annual £1,432
Annual Per SF £0.65
Total Expenses
Annual £5,493
Annual Per SF £2.50
Net Operating Income
Annual £36,505
Annual Per SF £16.59

Property Facts

Price £572,702 Property Subtype
Apartment
  • Office Office Residential
Price Per Unit £190,901 Lot Size 0.29 AC
Sale Type Investment Building Size 2,200 SF
Net Initial Yield 6.75% Average Occupancy 66%
Gross Rent Multiplier 13.63 Number of Floors 2
No. Units 3 Year Built 1956
Property Type Residential Parking Ratio 4.09/1,000 SF
Price £572,702
Price Per Unit £190,901
Sale Type Investment
Net Initial Yield 6.75%
Gross Rent Multiplier 13.63
No. Units 3
Property Type Residential
Property Subtype
Apartment
  • Office Office Residential
Lot Size 0.29 AC
Building Size 2,200 SF
Average Occupancy 66%
Number of Floors 2
Year Built 1956
Parking Ratio 4.09/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 1 £1,193 500
1+1 1 £1,193 1,200
Studios 1 £1,114 500
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zoning

Zoning Code C-P-S and R3A (Zoning as both commercial and multi residential.)
C-P-S and R3A (Zoning as both commercial and multi residential.)
(951) 500-6140

Contact

  • Listing ID: 34267293

  • Date on Market: 21/12/2024

  • Last Updated:

  • Address: 54790 N Circle Dr, Idyllwild, CA 92549

The Idyllwild Mountain Park Residential Property at 54790 N Circle Dr, Idyllwild, CA 92549 is currently available. Contact Idyllwild Realty for more information.

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© 2024 CoStar Group

Multi-Use Building for Sale Ideal Investment | 54790 N Circle Dr
(951) 500-6140 x

Multi-Use Building for Sale Ideal Investment | 54790 N Circle Dr

Shane Stewart

(951) 500-6140

(951) 500-6140

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