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6563 Oasis Ave | Twentynine Palms CA | 7248106641

Maxwell R Brown

This listing was posted on RealtyWW.

$1,099,000

Home For Sale In Twentynine Palms, California

Price:
$1,099,000
BR/BA:
10+ BR, 10+ BA
Location:
6563 Oasis Ave, Twentynine Palms, CA
Description:

6563 Oasis Ave is a fully rebuilt multifamily asset in Twentynine Palms, California. The property has undergone extensive capital improvements in the last 18 months, including all new plumbing, full electrical, roofs, windows, HVAC, quartz countertops, vinyl flooring, cabinetry, fencing, landscaping, stucco, and paint. This turnkey investment property produces an above-market in-place cap rate of 7.50% and a proforma cap rate of 8.40%. The property consists of (4) Studios, (4) One bedrooms , and (1) Two bedroom / One bath unit. With its highly qualified and stable U.S. Military tenant base, this asset is sure to generate superior returns to market rate t-bills and bonds. In addition to the strong cash flow, investors will also benefit from the various tax benefits and appreciation returns of California real estate. This is a rare opportunity to acquire a truly turnkey multifamily asset at above-market return metrics with a strong tenant base and excellent upside potential. The City of Twentynine Palms rests in the Mojave Desert of Southern California located in between Los Angeles and Phoenix, Arizona. The city is home to Joshua Tree National Park headquarters and north entrance, one of the most popular national parks in the United States. It is also the proud host of the Marine Corps Air Ground Combat Center, the worlds largest Marine Corps training base. Locals of Southern California are familiar with Twentynine Palms proximity to the beautiful vacation town of Palm Springs and Indio, CA, the host of one of the Worlds most famous music festivals, Coachella. The city offers a variety of amenities, including restaurants, shops, and parks. There are also a number of outdoor activities available, such as hiking, camping, rock climbing, and dirt biking. Twentynine Palms has a mild climate year-round with temperature ranges from 65 degrees Fahrenheit in the winter to 100 degrees Fahrenheit in the summer.For more details: https://realtyww.info/homes_twentynine-palms-d525383/for-sale_i71043732
Property Type:
Single-Family Houses
Posted:
April 24 on RealtyWW
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More About this Listing: Home For Sale In Twentynine Palms, California
Home For Sale In Twentynine Palms, California is a 10+ BR 10 Bathroom, 10+ BA, 33 Bathroom Single-Family Homes for Sale at 6563 Oasis Ave in Twentynine Palms CA. Find other listings like Home For Sale In Twentynine Palms, California and listings near 6563 Oasis Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 33 Bathroom Single-Family Homes for Sale in Twentynine Palms CA.