6038 Bagley Avenue, 29 Palms, CA 92277
- $979,900
- List Price
- $979,900
- Price Change
- ▼ $70,100 1755655010
- Status
- ACTIVE
- MLS#
- DW24161111
- Year Built
- 1947
- Lot Size
- 44,866
- Acres
- 1.03
- Lot Location
- Lot Over 40000 Sqft
- Days on Market
- 721
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- One Level
Property Description
***MASSIVE PRICE REDUCTION***Welcome to a lucrative investment opportunity nestled in the heart of 29 Palms. This multi-unit property, located at 6038 Bagley Avenue, boasts 10 spacious and well-maintained units, offering a blend of comfort and convenience. This property is an ideal addition to any investment portfolio, offering a winning combination of current income and future appreciation. The area is known for its proximity to Joshua Tree National Park, making it a popular spot for nature lovers and those seeking outdoor activities. Don't miss this opportunity to acquire a valuable piece of real estate in a growing community. 10 well maintained units the have a solid rental track record. Mix of a Studio, 1's, 2's & Onsite laundry. Also, each unit is individually metered for electricity! Current Actual Cap rate 7.42%!!! and GRM is 9.8%!!
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $99,960
- Operating Expense
- 27219
Listing courtesy of Listing Agent: Herbert Diaz (herb@PLFrealestatesolutions.com) from Listing Office: PLF Real Estate Solutions.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.