$582,000
$580,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
505 Giles Ave Calexico, CA 92231
8 Beds
8 Baths
Key Details
Sold Price $582,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Out Of Area
MLS Listing ID 240028956
Bedrooms 8
Year Built 1975
Property Sub-Type Res Income 2-4 Units
Property Description
4 Townhomes for sale in one building, they are well designed. Kitchen, living room and full bathroom downstairs, bedrooms and additional bathrooms are upstairs. 8 parking spaces for your tenants. Great location. Solid investment, good income and cash flow. Annual Cashflow $47,600 per year, A healthy Cap Rate of 8.21. especially in such a desirable location with stable demand. The cash flow is positive and substantial, making this property potentially a solid investment. The gross rent multiplier is 10.51
Location
State CA
County Imperial
Interior
Cooling Central Forced Air
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 2
Others
Special Listing Condition Call Agent
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Bought with Manny Hernandez American Group