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Listed by Gilberto Garcia • Rise Realty
$ 750,000
Est. payment /mo
Active
Trona, CA 93562
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW-25275724
Year Built 1948
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
36 unit apartment complex for sale located at 83298 Argus Ave in Trona California offering a rare large scale investment opportunity. The property consists of four separate apartment buildings with an equal number of units in each all configured as one bedroom one bathroom units totaling approximately 22000 square feet of living area on an expansive three acre lot. Utilities including gas water and electric are present and the property features separate laundry room structures. Two of the four buildings have recently received new roofs and one unit in the first building has been fully completed while the remaining units are ready for renovation. The entire complex is currently vacant and offers significant upside potential with projected rents of 800 to 900 per unit upon completion as Trona continues to grow and much of the surrounding real estate is being actively rehabilitated creating strong future demand and long term upside. EACH UNIT IS 550 SQFT. 1 BED 1 BATH
Location
State CA
County San Bernardino
Area Trna - Trona
Zoning Apartment Houses
Interior
Laundry See Remarks, Common Area, Community
Exterior
Utilities Available Sewer Available, Sewer Connected, Water Available, Cable Available, Electricity Connected, Natural Gas Connected, Phone Available
Building
Lot Description 2-5 Units/Acre