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Athol Apartments & Yucca Ave Apartments

2 Residential Properties Offered at £1,220,622 in Twentynine Palms, CA

Investment Highlights

  • This 2-property portfolio includes the Athol Apartments, a 6-unit building, and Yucca Apartments, offering 7 units.
  • The properties possess an attractive unit mix of Three (3) Studios & Ten (10) Two-Bedroom / One Bathroom Units.
  • Onsite Laundry for both Athol & Yucca Apartments. / Property is located just 7 Minutes (4.8 Miles) from Joshua Tree National Park.
  • Proforma CAP Rate of 8.19% With a Proforma GRM of 7.51. Current CAP Rate of 6.79%. / Proforma CAP Rate is Based on Leveling Off Current Rents.
  • The properties are 100% occupied with long term tenants. / Property recently had full interior renovations done within the last few years.

Executive Summary

This Two Property Portfolio is a total of Thirteen (13) Units located on 6424 Athol Avenue & 6321 Yucca Avenue, Twentynine Palms, CA 92277. These properties consist of Three (3) Studios & Ten (10) Two-Bedroom / One Bathroom Units. The Athol Apartments are a total of Six (6) Units & the Yucca Apartments are a total of Seven (7) Units. The properties are currently is situated on a total of 1.130 Acres of land.

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Annual
Gross Rental Income $99,999
Other Income $99,999
Vacancy Loss $99,999
Effective Gross Income $99,999
Taxes -
Operating Expenses -
Total Expenses $99,999
Net Operating Income $99,999

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Other Income
Annual $99,999
Vacancy Loss
Annual $99,999
Effective Gross Income
Annual $99,999
Taxes
Annual -
Operating Expenses
Annual -
Total Expenses
Annual $99,999
Net Operating Income
Annual $99,999

Property Facts

Price £1,220,622
Price / SF £144.45 / SF
Net Initial Yield 6.79%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 8,450 SF
Total Land Area 1.72 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Athol Apartments
6424 Athol Ave, Twentynine Palms, CA 92277
Residential 4,075 SF 1985 -
Yucca Apartments
6321 Yucca Ave, Twentynine Palms, CA 92277
Residential 4,375 SF 1985 -
Show More > < Show Less
  • Listing ID: 34147858

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: Athol Apartments & Yucca Ave Apartments, Twentynine Palms, CA

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