11560 Sage Street

Adelanto, CA 92301

PRICE REDUCED

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-$1 (-0.00%)

$699,999

List Price

8

bed Beds

4

shower Baths

2,895 sqft

straighten / sqft

1985

calendar_month Built

Property Description

High cash-flowing, multi-unit property that is fully tenanted. An incredible opportunity for someone looking to expand their real-estate portfolio.This property currently generates $63,132 / year, meaning gross rental income is 9.02% the price. That's a 7.51 cap rate on the $700,000 ask. There's even room for upside one of the units is currently $800 / mo; you could live in it and make $59,748 per year, or charge market rates and get an even higher cap rate. This is THE property for the high cash flow investor.

Listing Information

List Price $699,999
Status Active
MLS 24399019
Type Residential Income
Year Built 1985
Lot Size 10,368
Structure Size 2,895
DOM 137
Courtesy Of EGL Properties Incorporated
Listing Agent Jason Hurst DRE#02067523

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 4
Cooling Type
Cooling Type Evaporative Cooling

Exterior Information

Maps

Listing information courtesy of: Jason Hurst, EGL Properties Incorporated 949-524-0471. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 16th, 2024 at 5:20 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.