34645 Ave H, Yucaipa, CA 92399

Property Description

Offering an Actual CAP Rate of 4.44%, ProForma CAP Rate of 4.82%. Offering an Acutal GRM of 15.02 with a ProForma GRM of 13.9. Over $45,000 invested in capital improvements to 5 units. New paint, flooring, water heaters, and wall A/C units. Yucaipa is known to be located in the top 50 safest cities in California. Tenants are awarded with washer & dryer hookups and garage parking. Close proximity to the 10 Fwy, Calimesa Elementary, and Green Valley High School. The Avenue H Apartments are located at the major cross streets of Avenue H and Third Street. This six unit apartment community is composed of all 1 bedroom 1 bath units, each of which are approximately 601 sq. ft.. The tenants are awarded with washer & dryer hookups, A/C, and garage parking. Yucaipa is a well-established community in the Southern San Bernardino County and is well known for one of the lowest crime rates. Yucaipa is considered to be in the top 50 safest cites in California. The owner has invested over $45,000 in capital improvements renovating 5 of the 6 units to include new flooring, paint, screens, water heaters, and A/C units. Each unit is individually metered for electric and gas. The repairs and maintenance of the property and ground have been done as necessary, on time, & without deferring maintenance. The condition of the property offers prospective buyers an asset that will require very minimal maintenance for decades to come.