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501 - 547 W Fredricks Street - Garden View Apartments, Barstow, CA
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501 - 547 W Fredricks Street - Garden View Apartments
Barstow, CA 92311-2735 - Outer San Bernardino County MF Submarket
Number of Units:
2.36 AC (102,802 SF)
For Sale Price:
1 Parking Spaces / 1,000 SF
Composition Open(Tandem) Covered(Tandem) Total Condition
Asphault: 12(0) 0(0) 12 Fair
Concrete: 0(0) 24(0) 24 Fair
Property Description: Multi Family - 36 Units
Drive By Only, Please Do Not Disturb The Management Or Tenants. Contact Le Investment Group for full marketing package.
Investment Highlights; Competitive Offering Actual CAP Rate of 8.80 %, Competitive Offering Actual GRM of 6.22, Non-Rent Control Community & Area, Rental Comparables Illustrate a 98 % Occupancy Area, Residential neighborhood, Turn Key Financeable Asset, Brand New Double-Pane Windows, Upgraded Units.
The Garden View Apartments are situated on two lots in the city of Barstow, CA. Together the two lots equate to approximately 2.36 acres totaling 36 units; which are composed of sixteen 2 bedroom / 1 bath units, ten 1 bedroom / 1 bath units, and ten studios. Built in 1952, the units have been upgraded and show great pride of ownership.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Le Investment Group
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