222 F St
Needles, CA 92363
Robinson Apartments · Multifamily Property For Sale
·
19 Units
Property Facts
| No. Units | 19 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 6,556 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1920 |
| Zoning | GC - General Commercial | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,556 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | GC - General Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Free
- Public Transportation
- Walk-Up
- Smoke Detector
About 222 F ST , NEEDLES, CA 92363
Cap Rate 11% !!! 15 Units 2 are One Bedroom, One Bath; 10 are studios for $ 450-$550 Per Month per Unit. The last 3 Units are: one 3 Bedroom One Bath at $ 1,450 Per Month. (which could be divided into a 2 bedroom with a studio unit) also 3 additional studio units.(which need to be remodeled, being used as storage) Would make a total of 17 units. Owners brother there and will move before the close of escrow. Annual Gross Rental Income $88,440 , Annual Operating Expense Appox. $ 30,608.84 , Annual Net Operating Income $ 38,814 Cap Rate Approx.: 11%. Landlord Pays for Water ,Trash and Common Area's Gas/Electricity even Cablevision! That's why tenants love it, everything included in rent! Close to Everything Centrally Located, Close to Freeway, Walking Distance to Stores and Transportation Local Management Company. No Vacancy's! Easy to Rent waiting list to get in. Most of Tenants are Long-Term Tenants. Rents are low and can be raised! 15 Units
Property Taxes
| Parcel Number | 0186-103-23 | Improvements Assessment | $636,725 |
| Land Assessment | $106,121 | Total Assessment | $742,846 |
Property Taxes
