26345 HWY 243 - Apartments FOR SALE


Idyllwild, CA 92549- Idyllwild Mountain Park
$1,250,000 USD
951-500-6140
26345 HWY 243, Idyllwild, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/31
null | 5.3% Cap Rate

26345 HWY 243
Idyllwild, CA 92549
Idyllwild Mountain Park


HIGHLIGHTS

  • mixed use
  • room for growth
  • easy access

OVERVIEW

This mixed-use building presents a perfect investment opportunity with expansion potential already in place. The property features a commercial unit and five 1-bedroom, 1-bath apartments, all of which are consistently rented, ensuring steady income and minimal vacancy. Currently, the property generates $7,645 in monthly rent, with the potential to add $2,400 or more each month by finishing out the lower units. The building is on sewer and is located in a prime spot just off the highway, making it highly attractive for both residential and commercial tenants. Additionally, the vacant lot next door-also on sewer and available for sale-offers further possibilities for expansion or development. With its low-maintenance design and history of reliable occupancy, this property is an excellent choice for investors seeking both immediate cash flow and long-term growth. Consider purchasing the adjacent lot to maximize your investment and take advantage of this unique opportunity in a desirable town location.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

6

PRICE/UNIT

$208,333

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

CPS

APN/PARCEL ID

565-070-001

ASK ABOUT THIS PROPERTY

Shane StewartIdyllwild RealtyMore Info
951-500-6140

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Shane StewartIdyllwild RealtyMore Info
951-500-6140

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.