$459,000
**Watch the Video Above!** **Property Summary** **Projected Net Operating Income (NOI):** $103,000 – $117,000 per year ?? **Value Range (5.5% – 6.5% Cap Rate):** $1.59 million – $2.13 million ?? **Why This Deal Works:** - 7 income-producing units - New construction offers premium rents and low maintenance - Located in a high-demand rental corridor - Just minutes away from Joshua Tree National Park, shopping, transit, and the library - Builder's loss equals your gain - **See supplements in the listing for more details** This property includes 2 duplexes and 1 triplex, totaling 7 units. Each unit features 2 bedrooms and 2 bathrooms, with approximately 1,100 square feet of living space. All permits and surveys are completed! making this project shovel-ready. **Projected Rental Income:** - Low: $1,850/month × 7 units = $12,950/month - Mid: $1,950/month × 7 units = $13,650/month - High: $2,100/month × 7 units = $14,700/month ?? **Value Range (5.5% – 6.5% Cap Rate):** $1.59 million – $2.13 million!! This property includes 2 duplexes and 1 triplex, totaling 7 units. Each unit features 2 bedrooms and 2 bathrooms, with approximately 1,100 square feet of living space. All permits and surveys are completed, making this project shovel-ready. The location is ideal, situated just 10 minutes from Joshua Tree National Park. **Projected Rental Income:** - Low: $1,850/month × 7 units = $12,950/month - Mid: $1,950/month × 7 units = $13,650/month - High: $2,100/month × 7 units = $14,700/month **Annual Gross Income:** $155,000 – $176,000**Property Summary** PROJECTED NOI $103K – $117K/yr
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Listed by Lynda Adams with Power Real Estate
Property Type
Multi Family
Status
Active
MLS Number
JT26079713
Year Built
N/A
Lot Size
1.00 acres