Multi-Use Building for Sale Ideal Investment | 54790 N Circle Dr
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Multi-Use Building for Sale Ideal Investment 54790 N Circle Dr
3 Unit Apartment Building $720,000 ($240,000/Unit) 6.75% Cap Rate Idyllwild, CA 92549
Investment Highlights
- Multi Family
- Office commercial space
Executive Summary
This versatile multi-use property offers a unique combination of residential and commercial space, perfectly suited for a variety of business. Located on N. Circle this great investment features:Residential Unit 1: A 1-bedroom, 1-bath apartment (500 sq. ft.) unit. This is an upstairs unit currently rented and bringing in $1500/mo. Residential Unit 2: A Standalone 1-bedroom, 1-bath house (1200 sq. ft.) Separate Driveway and currently brings in $1500/mo. The Commercial Unit: A prime commercial space (500 sq. ft.) featuring a convenient half-bath, perfect for a variety of uses such as retail, office, or studio. Featuring ample windows Main floor access and additional sq footage.Whether you're looking for a mixed-use investment, a live/work setup, or a location for your business, this property provides the flexibility to suit many needs. With a total of 2,200 sq. ft. of space and a prime location, it's a great opportunity for those looking to expand their portfolio or establish a presence in Idyllwild.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$52,800
|
$24.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$52,800
|
$24.00
|
| Taxes |
$5,106
|
$2.32
|
| Operating Expenses |
$1,800
|
$0.82
|
| Total Expenses |
$6,906
|
$3.14
|
| Net Operating Income |
$45,894
|
$20.86
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $52,800 |
| Annual Per SF | $24.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $52,800 |
| Annual Per SF | $24.00 |
| Taxes | |
|---|---|
| Annual | $5,106 |
| Annual Per SF | $2.32 |
| Operating Expenses | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.82 |
| Total Expenses | |
|---|---|
| Annual | $6,906 |
| Annual Per SF | $3.14 |
| Net Operating Income | |
|---|---|
| Annual | $45,894 |
| Annual Per SF | $20.86 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,500 | 500 |
| 1+1 | 1 | $1,500 | 1,200 |
| Studios | 1 | $1,400 | 500 |
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zoning
| Zoning Code | C-P-S and R3A (Zoning as both commercial and multi residential.) |
| C-P-S and R3A (Zoning as both commercial and multi residential.) |
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Multi-Use Building for Sale Ideal Investment | 54790 N Circle Dr
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