845 E 6th Street Beaumont, CA 92223
The 6th Street apartments is a 16-unit multi-family property located at 845 E. 6th Street in Beaumont, California. Situated on a spacious 0.64-acre corner lot, this property features mostly single-story units and a pitched composition roof. Built in 1937 / 1955, the building has 8 studio units, 6 one-bedroom units, and two 2-bedroom units. Over the past 3 years, 11 of the 16 units are updated with new flooring and paint. The property is master metered for electric and gas, with the owner additionally responsible for water / sewer, and trash. An astute investor has the opportunity to enhance cash flow by installing sub-meters for electricity. This investment offers solid returns and significant value-add potential in a growing market. Seller Financing Available at 6% Interest Only for 3 Year. In place cap rate of 6.1% and 9.2 GRM.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyRiverside
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site30 Days
- MLS StatusActive
- MLS ID NumberCV24181611
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.64 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Terms Seller May Carry
- Stories 2 Story
Interior Features
- Cooling Wall/Window
Exterior Features
- Pool N/K