2259 Inyo Street Mojave, CA 93501
Other
MLS #: SR24043616
Courtesy Of eXp Realty of California, Inc.
Property InformationDescription
Investor's Special! This property is ready for you to turn it into 10 units (city plans are awaiting approval) Each unit should rent for about $900 which shows $9000/ Month. At cap rate of 6% and 25% vacancy rate this property can be worth about 1.3M. The cost to renovate the property would be about $300K-$400K (based on two rough estimates) It has been a church in the past, and has other uses - potentially a group home? It is located just 1/2 hour from Palmdale, Edwards Airforce Base and Bakersfield! Check out Aerotech News to see some upcoming plans for Mojave! This is a great opportunity to take advantage of some great things to come! This is for a savvy investor.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: None
- MLSID: SR24043616
- Roof Type: Unknown
MAP & DIRECTIONS
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