17
See all 17 photos
$599,900
Est. payment /mo
10 Beds
5 Baths
2,400 SqFt
New
470 W OLIVE AVE El Centro, CA 92243
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Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $249
MLS Listing ID 250038191
Bedrooms 10
Property Sub-Type Com-Res Income
Property Description
FANTASTIC INVESTMENT OPPORTUNITY IN EL CENTRO! THIS WELL-MAINTAINED PROPERTY FEATURES FIVE STANDALONE COTTAGES, EACH CONSISTING OF TWO BEDROOMS AND ONE BATHROOM. ALL UNITS HAVE BEEN RECENTLY REMODELED AND INCLUDE MODERN UPGRADES SUCH AS VINYL FLOORING, DUAL PANE WINDOWS, AND NEWER MINI SPLIT SYSTEMS FOR EFFICIENT TEMPERATURE CONTROL. THIS COMPLEX IS CURRENTLY PRODUCING AN IMPRESSIVE 11% GROSS CAP RATE WITH ADDITIONAL UPSIDE POTENTIAL, MAKING IT AN EXCELLENT OPTION FOR BOTH 1031 EXCHANGES AND LONG-TERM INVESTORS SEEKING STRONG RETURNS. THERE IS ROOM TO ADD A POSSIBLE SIXTH UNIT OR CREATE A COMMUNITY SPACE. THE PROPERTY IS IDEALLY LOCATED WITH EASY FREEWAY ACCESS, AMPLE STREET PARKING, OFFERING CONVENIENCE FOR TENANTS AND VISITORS ALIKE. THIS IS A TURNKEY, INCOME-PRODUCING ASSET IN A GROWING MARKET—A RARE CHANCE TO ACQUIRE A SOLID INVESTMENT WITH IMMEDIATE CASH FLOW.
Location
State CA
County Imperial
Direction GOOGLE MAPS OR WAZE
Interior
Heating Wall
Cooling Wall/Window
Flooring Wood
Fireplace No
Exterior
Parking Features Other/Remarks
View Y/N No
Roof Type Composition
Building
Dwelling Type Other/Remarks
Story 1
Others
Tax ID 053-193-017-000
Listed by Charles G Couri Keller Williams Realty