$1,050,000
405 N 1st Avenue Barstow, CA 92311
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$1,050,000
Est. payment /mo
3 BD
3 BA
8,400 Sqft Lot
Active
405 N 1st Avenue Barstow, CA 92311
UPDATED:
11/09/2024 03:10 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24229440
Bedrooms 3
HOA Y/N No
Lot Size 8,400 Sqft
Property Description
Investor Opportunity in Barstow, CA! This recently remodeled 10-unit property is an ideal investment, with all units updated with new paint, flooring, and fixtures. The owner has taken great care to elevate the propertys appealcompleting full unit remodels, raising rents to market value or above, and securing reliable, high-quality tenants. Property is currently generating excellent positive cash flow. Barstow's future shines brightly with ambitious city initiatives. The upcoming $1.5 billion Barstow International Gateway project will introduce a massive railyard, warehouse center, and solar farm, bringing thousands of jobs and development opportunities. Meanwhile, a General Plan update and BIG Specific Plan are set to add 6,920 residential units and over 14 million square feet of non-residential spaces. With improvements underway in transportation, public services, and housing options, Barstow is primed for economic growth and sustainability. Secure this property and benefit from immediate returns while capitalizing on Barstows promising future!
Investor Opportunity in Barstow, CA! This recently remodeled 10-unit property is an ideal investment, with all units updated with new paint, flooring, and fixtures. The owner has taken great care to elevate the propertys appealcompleting full unit remodels, raising rents to market value or above, and securing reliable, high-quality tenants. Property is currently generating excellent positive cash flow. Barstow's future shines brightly with ambitious city initiatives. The upcoming $1.5 billion Barstow International Gateway project will introduce a massive railyard, warehouse center, and solar farm, bringing thousands of jobs and development opportunities. Meanwhile, a General Plan update and BIG Specific Plan are set to add 6,920 residential units and over 14 million square feet of non-residential spaces. With improvements underway in transportation, public services, and housing options, Barstow is primed for economic growth and sustainability. Secure this property and benefit from immediate returns while capitalizing on Barstows promising future!
Investor Opportunity in Barstow, CA! This recently remodeled 10-unit property is an ideal investment, with all units updated with new paint, flooring, and fixtures. The owner has taken great care to elevate the propertys appealcompleting full unit remodels, raising rents to market value or above, and securing reliable, high-quality tenants. Property is currently generating excellent positive cash flow. Barstow's future shines brightly with ambitious city initiatives. The upcoming $1.5 billion Barstow International Gateway project will introduce a massive railyard, warehouse center, and solar farm, bringing thousands of jobs and development opportunities. Meanwhile, a General Plan update and BIG Specific Plan are set to add 6,920 residential units and over 14 million square feet of non-residential spaces. With improvements underway in transportation, public services, and housing options, Barstow is primed for economic growth and sustainability. Secure this property and benefit from immediate returns while capitalizing on Barstows promising future!
Location
State CA
County San Bernardino
Area Barstow (92311)
Zoning Public Rec
Interior
Cooling Wall/Window
Exterior
Garage Unit1:Assigned
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Monthly Total Fees $38
Acceptable Financing Cash, Conventional, Exchange
Space Rent $2,700
Listing Terms Cash, Conventional, Exchange
Listed by Richard Valderrama Calle • The Dara Group Inc.
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