Athol Apartments & Yucca Ave Apartments
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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 | Number of Properties | 2 |
Price / SF | £144.45 / SF | Individually For Sale | 0 |
Net Initial Yield | 6.79% | Total Building Size | 8,450 SF |
Sale Type | Investment | Total Land Area | 1.72 AC |
Status | Active |
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 | - |
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Athol Apartments & Yucca Ave Apartments
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