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845 E 6th ST Beaumont, CA 92223
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Key Details
Sold Price $1,200,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $166
MLS Listing ID DW20220489
Sold Date 03/15/21
HOA Y/N No
Year Built 1955
Lot Size 0.640 Acres
Acres 0.64
Property Description
Presenting the 6th & Palm Apartments. The property is centrally located in downtown Beaumont, situated on a 0.64 acre lot. The subject property is made up of 8 studios units, 2 one bedroom / one bathroom units and 2 two bedroom / one bathroom units. This property offers over a 7% cap rate at proforma rents. Beaumont is a growing city located in the state of California. With a population of over 43000 people. Beaumont's unemployment rate is lower than the US national average. Excepted future job growth is higher than the US national average of 37.98% at 42.91%. New growth in residential real estate is an indication that people are choosing to move to Beaumont and putting down their money on brand new construction. Beaumont's real estate is, on average, some of the newest in the nation. This property cash flows well and is an excellent property to make the jewel of your portfolio.
BACK ON MARKET. BUYER REFUSED TO PERFORM.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Zoning C2
Interior
Fireplaces Type None
Laundry None
Exterior
Pool None
Community Features Suburban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Private Pool No
Building
Lot Description Corner Lot, Lot 20000-39999 Sqft, Level
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Private
Listing Terms Private
Financing Private
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS 1031 Exchange,Submit
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE None
SHOW INSTRUCTIONS DO NOT DISTURB TENANTS! Offer subject to interior inspection.
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Bought with Keller Williams Realty Brea/Fullerton