2259 Inyo Street
Mojave,
CA
93501
Property Details
List Price: |
$400,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
4501 |
Agency: |
eXp Realty of California, Inc. |
Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1929 |
Notes: |
Investor's Special! This property is ready for you to turn it into 10 units (city plans are awaiting approval) Each unit should rent for about $900 which shows $9000/ Month. At cap rate of 6% and 25% vacancy rate this property can be worth about 1.3M. The cost to renovate the property would be about $300K-$400K (based on two rough estimates) It has been a church in the past, and has other uses - potentially a group home? It is located just 1/2 hour from Palmdale, Edwards Airforce Base and Bakersfield! Check out Aerotech News to see some upcoming plans for Mojave! This is a great opportunity to take advantage of some great things to come! This is for a savvy investor. |
MlsNumber: |
SR24043616 |
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Listing Provided By: |
eXp Realty of California, Inc., original listing |
Name: |
eXp Realty of California, Inc. |
Phone: |
(888) 584-9427 |
Office Name: |
eXp Realty of California Inc |
Office Phone: |
(888) 584-9427 |
Agent Name: |
Catherine Toso |
Disclaimer: |
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |