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11424 Bartlett Avenue Adelanto, CA 92301
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Key Details
Sold Price $500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV-23186791
Sold Date 01/19/24
Year Built 1936
Property Description
AFFORDABLE INVESTMENT WITH 4 RENT-PAYING TENANTS! 6% IN-PLACE CAP RATE. PROFORMA 9% CAP RATE. Income-generating and stable investment with opportunity for rent increases. Easy to manage! Tenants pay the utilities. Owner is only responsible for property tax and property insurance. Possibility to build more on this huge 3 Acres Lot! Owner/user possibility. You can also bring your business here and occupy the units. Located in a medically underserved community, In a Primary Care HPSA and In a MUA/P. Buyer advised to verify. The sale includes 1 single family home and 3 retail units. Near busy Highway 395! Across the street from Tri-State Community healthcare center and close to Family Dollar Store. Don't miss one of the BEST and AFFORDABLE investment opportunities.
Location
State CA
County San Bernardino
Interior
Heating See Remarks
Cooling See Remarks
Laundry See Remarks
Building
Lot Description Walkstreet, Level, Level with Street, Lot 10000-19999 Sqft
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