1750 W Main St.

    El Centro, CA 92243
    • $6,425,000
    • STATUS: ACTIVE
    • ON SITE: 499 days
    • ID#: 170061429
    $6,425,000
    • 5
      BEDS
    • 2.61
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Email listing agent for complete Offering Memorandum. 6.1% cap rate at current scheduled rental rates. 6.7% cap rate at stabilized rental rates. Value add opportunity. Built 1991. Large 2 bed, 2 bath and 3 bed, 3 bath units. Property showings to be scheduled with listing agent only. Do not go on property or contact the tenants or management without prior approval.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/79227399

    1750 W Main St. El Centro, CA 92243

    • Price: $6,425,000
    • Status: ACTIVE
    • ID#: 170061429
    5
    Beds
    5
    Baths
    0
    ½ Baths
    2.61
    Acres
    Neighborhood:
    Imp Cty-El Centr (92243)
    County:
    Imperial
    Area:
    Imp Cty-El Centr (92243)
    Property Description
    Email listing agent for complete Offering Memorandum. 6.1% cap rate at current scheduled rental rates. 6.7% cap rate at stabilized rental rates. Value add opportunity. Built 1991. Large 2 bed, 2 bath and 3 bed, 3 bath units. Property showings to be scheduled with listing agent only. Do not go on property or contact the tenants or management without prior approval.
    Exterior Features

    Carports 52

    Interior Features

    Sq Ft Of Improvement 58437 Unit Furnished1 U Unit Furnished2 U Units With Dishwashers 52 Units With Disposals 52 Units With Drapes 52 Units With Ranges 52

    Property Features

    Actual Cap Rate 6.1 Actual Cash Flow 120234 Actual Cash On Cash 6.2 Actual Gross Operating Income 660459 Actual Gross Scheduled Income 695220 Actual Operating Expense 266767 Actual Vacancy And Credit Loss 34761 Assumable Finance 400000 Buildings 5 Gross Equity 3400000 Gross Multiplier 9.2 Have 52 Large Quality Units Mandatory Remarks None Known Motive Want Sale Projected Annual Pi Expense 273458 Projected Cap Rate 6.6 Projected Cash Flow 158129 Projected Cash On Cash 8.2 Projected Gross Multiplier 8.7 Projected Gross Operating Inc 700348 Projected Gross Scheduled Inc 737208 Projected Net Income 431587 Projected Operating Expense 268761 Projected Vacancy And Credit Loss 36860 Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Unit Number1 24 Unit Number2 28 Unit Rent1 1150 Unit Rent2 1050

    Listing provided courtesy of Ray Adams Investment Re Inc. Listing information © 2019 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130