Description for
2011 Borrego DriveBarstow, CA 92311
We are pleased to offer the fee simple ownership interest in Alfa Apartments located at 2011 Borrego Drive in Barstow, California. Built in 1986, the apartment project consists of 48 units in five 2-story buildings. The property is situated on approximately 2.3 acres at the SEC of East Rimrock Road and Borrego Drive. The property is in close proximity to Barstow Community College, Crestline Elementary School and Barstow High School. Competitive pricing offers a 8.47% CAP on in-place rents while still providing an investor a strong value added opportunity. The investor may qualify for aggressive Fannie Mae financing at a low fixed rate of approximately 4.31%, DSCR 2.19% yielding a 10% cash on cash after the first year of ownership and 15%+ upon stabilization curing deferred maintenance.
Price
$2,136,000
San Bernardino
25,516 (approx)
S713262
Active
Description
We are pleased to offer the fee simple ownership interest in Alfa Apartments located at 2011 Borrego Drive in Barstow, California. Built in 1986, the apartment project consists of 48 units in five 2-story buildings. The property is situated on approximately 2.3 acres at the SEC of East Rimrock Road and Borrego Drive. The property is in close proximity to Barstow Community College, Crestline Elementary School and Barstow High School. Competitive pricing offers a 8.47% CAP on in-place rents while still providing an investor a strong value added opportunity. The investor may qualify for aggressive Fannie Mae financing at a low fixed rate of approximately 4.31%, DSCR 2.19% yielding a 10% cash on cash after the first year of ownership and 15%+ upon stabilization curing deferred maintenance.
Listing Information
Property Type: Cluster
25,516 (approx)
$83.71
1984
Stucco, Wood
48 Total
Neighborhood
Room Information
Exterior / Lot Features
Fenced Yard
36 Parking Spaces
Wood, Stucco
Wood
Driving Directions
15N to Exit 183 Barstow Rd/CA-247, L on E Rimrock, R on Borrego, 2011 on R
Financial Considerations
0181132350000
$337,200,Expense
Listing Price History
Barstow Real Estate
Barstow is located in California.
Barstow, California 92311 has a population of
22,639.
The median household income in Barstow, California 92311 is
$42,603.
The median household income for the surrounding county is $52,112
compared to the national median of $50,935.
The median age of people living in Barstow 92311 is
31.3 years.
This information is gathered from public record data.
This information is gathered from public record data.
Sales History
Tax Info
Listing Provided Courtesy Of: KURT HEDIGER, BROKER Kurt Hediger;
Information is deemed reliable but is not guaranteed.
