17
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$599,900
Est. payment /mo
8,276 Sqft Lot
Active
470 W OLIVE AVE El Centro, CA 92243
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250038191SD
HOA Y/N No
Lot Size 8,276 Sqft
Property Sub-Type Mixed Use
Property Description
FANTASTIC INVESTMENT OPPORTUNITY IN EL CENTRO! THIS WEL MAINTAINED PROPERTY FEATURES FIVE STANDALONE COTTAGES, EACH CONSISTING OF 2 BEDROOMS AND 1 BATHROOM. ALL UNITS HAVE BEEN RECENTLY REMODELED AND INCLUDE MODERN UPGRADES SUCH AS VINYL FLOORING, DUAL PANE WINDOWS, AND NEWER MINI SPLIT SYSTEMS FOR EFFICIENT TEMPERATURE CONTROL. THIS COMPLEX IS CURRENTLY PRODUCING AN IMPRESSIVE 11%+ GROSS CAP RATE WITH ADDITIONAL UPSIDE POTENTIAL, MAKING IT AN EXCELLENT OPTION FOR BOTH 1031 EXCHANGES AND LONG-TERM INVESTORS SEEKING STRONG RETURNS. THERE IS ROOM TO ADD A POSSIBLE SIXTH UNIT OR CREATE A COMMUNITY SPACE. THE PROPERTY IS IDEALLY LOCATED WITH EASY FREEWAY ACCESS, AMPLE STREET PARKING, OFFERING CONVENIENCE FOR TENANTS AND VISITORS ALIKE. THIS IS A TURNKEY, INCOME-PRODUCING ASSET IN A GROWING MARKET—A RARE CHANCE TO ACQUIRE A SOLID INVESTMENT WITH IMMEDIATE CASH FLOW.
Location
State CA
County Imperial
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 053193017000
Acceptable Financing Cash, VA Loan
Listing Terms Cash, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/snd/250038191
Listed by Charles Couri Keller Williams Realty
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