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Twentynine Palms,CA 92277
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,240 sqft
Price per Sqft $308
MLS Listing ID CRPW25264892
Year Built 1936
Lot Size 0.496 Acres
Property Sub-Type Other
Property Description
Fully renovated 9-unit multifamily property in the growing Twentynine Palms market. With a strong 6.8% cap rate and 8.75 GRM on current rents, this turnkey asset features 4 studios, 4 one-bed units, and 1 two-bed unit across 3,240 SF. All interiors have been updated with modern kitchens, baths, fixtures, and finishes. Current scheduled rents total $9,425/month with market potential of $10,200/month. Property sits on a 21,600 SF lot with ample open parking. Low expenses and stable tenant demand driven by proximity to the Marine Corps base and downtown amenities. Excellent opportunity for investors seeking strong cash flow and minimal renovation needs.
Location
State CA
County San Bernardino
Interior
Heating Other
Cooling Other,ENERGY STAR Qualified Equipment
Laundry Other
Building
New Construction No