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1525 w Main St, Barstow CA 92311

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John Zarvos
VIKING REAL ESTATE & INV.
Listing Source:
Southern California Multiple Listing Service (SOCAL)
Features & Amenities

120K REDUCTION! 11.0 CAP RATE PRO-FORMA BASED ON 5 VACANCY & EQUALIZED RENTS. 77 UNITS IN BARSTOW(PLUS AN S.F.R) (52 M.H. SPACES & 23 APT.UNITS, 2 RETAIL BUILDINGS) AND 1 S.F.R WHICH IS CURRENTLY OCCUP. BY MANAGER. THE PROPERTY HAS BEEN UPGRADED IN THE PAST 3 YRS. AND THE SELLER HAS BEEN FILLING VACANCIES. THIS PARK IS LOCATED JUST OUTSIDE THE MAIN COMMERCIAL DISTRICT OF BARSTOW NEAR INTERSTATE 15. UPGRADED IN THE LAST SEVERAL YRS. WITH INDIVIDUAL METERS + WIRING + BREAKERS COMPLETE ON MH PARK. VALUE ADDED. LAUNDRY ROOM READY FOR USE. GREAT UPSIDE POTENTIAL WITH PROPER MANAGEMENT. ONLY 31p DOWN (6p INTEREST RATE UNTIL 4/1/2011) 18.5 CASH ON CASH RETURN + See Feature List

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