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1525 West Main Street, Barstow CA 92311

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John Zarvos
Viking Real Estate & Inv.
Listing Source:
ListHub
Features & Amenities

105K 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 TENANT 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 31% DOWN (6% INTEREST RATE UNTIL 4/1/2011) 18.5% CASH ON CASH RETURN

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