1215 E 8th St, Beaumont, CA 92223

Property Description

8% CURRENT CAP RATE! Still room for higher proforma rents with this 6 unit property consists of 2 homes, 4 plex and a 7 car garage (approx 1550 sqft)! Easy access from the 10 frwy at Pennsylvania. Only a few mins from Highland Springs and all the shopping that Beaumont has to offer. All units were fumigated in March 2022. Each space is rented out month to month (no section 8, all market rent) and current except 1 front house is vacant (can put in market renters)! one of the front houses has new flooring, new paint, new roof new bathroom and updated interior. Property has been maintained over the years with capital improvements spanning the last 15-20 years. Three interior units recently renovated, property recently tented/fumigated, and one roof replaced (front house). Three units have washer/dryer hookups and three units only have washer hookups (but can easily be converted to include dryers), There is an outside coin-op dryer available to those units. All units have their owner gas water heaters. Owner pays water, sewer and trash dumpster (can increase cash flow by converting to individual trash bins instead). Great potential. (Buyer to verify sqft, county/city records, zoning allowed uses, etc - this is located in the City of Beaumont).