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Key Details
Sold Price $450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW13252933
Sold Date 01/31/14
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1951
Tax Year 2012
Lot Size 0.344 Acres
Property Description
Well maintained apartment building. Ideal for a owner -investor. This 25 unit complex represents an excellent opportunity for an investor to acquire a unique, stable property with substantial upside in rents and laundry income. The building was recently rehabbed. The rehab consisted of gutting the building and replacing everything from the carpet and paint, to the electrical equipment and plumbing. The building currently has copper plumbing and copper wiring, and new toilets have been installed. In addition, the parking lot has been resurfaced and there are new concrete decks, new signage, and new TV cable hookups. Each apartment is a fully furnished efficiency unit that includes linens and a microwave oven. The current owner has taken great pride in providing a clean, well-maintained property. Needles is rich with history. The Mojave Indians lived in the valley long before settlers arrived, and descendents of the Mojave Indians still reside in the area. Needles is also famous for resting along the original Route 66. Many of the original buildings and businesses still exist in the "old downtown" area of the City. Travelers will immediately get sense of the historical feel to Needles when visiting the area.
Interior
Location
State CA
County San Bernardino
Area Dc770 - Needles
Interior
Heating Central
Flooring Carpet
Fireplace No
Appliance Built-In Range
Laundry Common Area
Exterior
Exterior Feature Lighting
Parking Features Unassigned
Fence Block
Pool Community
Community Features Sidewalks, Pool
Utilities Available Sewer Connected
Roof Type Common Roof
Total Parking Spaces 25
Private Pool Yes
Building
Lot Description 16-20 Units/Acre
Story Two
Entry Level Two
Foundation Slab
Water Public
Architectural Style Contemporary
Level or Stories Two
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 0186112210000
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Other
Special Listing Condition Short Sale, Standard
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Bought with Ray Kottapalli • Ray Kottapalli