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Historical Multifamily Sale Listing - 77 UNIT BANK SHORT SALE IN BARSTOW

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77 UNIT BANK SHORT SALE IN BARSTOW

1525 W. Main Street, Barstow, CA 92311

77 UNIT BANK SHORT SALE IN BARSTOW
  • N/A
  • 77
  • Multifamily
  • Mobile Home/ RV Community
  • Garden/Low-Rise
    Retail (Other)
  • Investment
  • 17.71%
  • 3.22
  • 73%
  • 1
  • 1965
  • 4.31 AC
Last Verified  12/20/2010 Listing ID  15348962

Highlights

  • SHORT SALE - ALL OFFERS DUE BY MARCH 1ST - No BLIND Offers
  • New On-Site Manager - CALL our Office to schedule property viewing prior to offer
  • SUB METER WORK DONE - some need re-work to pass-thru SCE to space tenants
  • Proforma dependent on TLC/Extra Money + ability to stabilize occupancy & OPEX
  • NARRATIVE APPRAISAL AVAILABLE - please request via email or call our office
  • TREMENDOUS TURNAROUND OPPORTUNITY -- UPSIDE GALORE!!

Description

BANK SHORT SALE! $995,000 Pre-Approved by bank; Subject to Final Approval. CASH ONLY! BUYER MUST VERIFY FUNDS + HAVE ABILITY TO CLOSE IN 10 DAYS.""" Principals Only""""" - . Buyer to pay all Closing Costs. No Prorations & No Security Deposits.

Property includes two (2) SFRs, 50 Mobile Home Spaces, 23 Apartment Units (average 369 sq. ft. each), and 2 Tenant Retail Buildings; Laundry Room and Storage on-site. Concrete Pads with paved roadways.

Jan 2010 Rent Roll (see ALL Attachments) reflects 21 vacancies; Existing tenants not paying FEB rent due to Notice until new owner takes over.
New Management in place and Seller has been filling vacancies as well as upgraded property in the past 3 years. Indiviually sub-metered with some meters needing rework & pass-thru to tenants. Laundry Room is out of order at this time.

Property sold As-Is-Where-Is. Buyer to verify any and all information obtained via county assessor/seller. Please see ALL ATTACHMENTS/photos/etc.

Santa Fe MHPK - The park is located just outside the Main Commercial District of Barstow near HWY 15.

Assessors Map with Parcels are available upon request. All info per Seller & County Recorder; Buyer to satisfy self on all info.

Map of 1525 W. Main Street, Barstow, CA 92311 (San Bernardino County)

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Created 9/21/2007

Additional Information for 1525 W Main Street, Barstow, CA 92311

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. TB-P