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427 W Reeves Avenue

Ridgecrest, CA 93555
  • $240,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: SB24024701
UPDATED: 73 min ago
$240,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Listing Agent(s): Jeremiah Carew of 3 Leaf Realty Inc (310-546-6300)


Description

This property is sold with adjacent properties, and combined, offer a tremendous investment opportunity. The lot size is approximately 65,000sf, and living space approximately 15,000+sf, and a total of 23 doors, opportunity awaits in Ridgecrest. This listing comprises of one single family home, two triplexes, and eight duplexes, with plenty of onsite parking. Conveniently some of the units are vacant allowing you to make updates and maximize the rent potential. Note that many units are under-rented, or vacant.The single family home has 3 bedrooms and 2 bathrooms, and is 1,498sf on a 6,028sf lot. Live in this home and have your 22 door investment near at hand! All the other units are 1 bedroom/1 bathroom and approx. 600 sf. Located near China Lake Naval Air Station and close to shopping, these properties, at capacity, offer excellent cash flow for years to come. The property is lower maintenance and nicely located. Six properties are to be sold at the same time (ask your agent for details). Please do not walk property.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-05T08:27:22.63. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/147240360
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427 W Reeves Avenue Ridgecrest, CA 93555

  • Price: $240,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 73 min ago
  • ID#: SB24024701
0
Beds
0
Baths
0
½ Baths
0.39
Acres
1973
Built
Neighborhood:
RCR - Ridgecrest
County:
Kern
Area:
RCR - Ridgecrest
Property Description
This property is sold with adjacent properties, and combined, offer a tremendous investment opportunity. The lot size is approximately 65,000sf, and living space approximately 15,000+sf, and a total of 23 doors, opportunity awaits in Ridgecrest. This listing comprises of one single family home, two triplexes, and eight duplexes, with plenty of onsite parking. Conveniently some of the units are vacant allowing you to make updates and maximize the rent potential. Note that many units are under-rented, or vacant.The single family home has 3 bedrooms and 2 bathrooms, and is 1,498sf on a 6,028sf lot. Live in this home and have your 22 door investment near at hand! All the other units are 1 bedroom/1 bathroom and approx. 600 sf. Located near China Lake Naval Air Station and close to shopping, these properties, at capacity, offer excellent cash flow for years to come. The property is lower maintenance and nicely located. Six properties are to be sold at the same time (ask your agent for details). Please do not walk property.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Yard Number Of Separate Electric Meters 4 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 36000 Gross Scheduled Income 36000 Insurance Expense 3500 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Seller Reserved Listing Service Full Service Listing Terms Submit Net Operating Income 36000 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 3 Operating Expense 0 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Trash Expense 1500 Water Sewer Expense 4800 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-05T08:27:22.63. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Jeremiah Carew of 3 Leaf Realty Inc (310-546-6300)