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    71840 Manana Drive

    29 Palms, CA 92277
    • $205,000
    • STATUS: Pending
    • ON SITE: 186 days
    • ID#: AR20208878
    Pending
    UPDATED: 229 min ago
    $205,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,680
      SQFT
    • $122
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Great duplex in a great neighborhood with recent upgrades and increased rents. Its a quick 10 minute drive to the Marine Corps base for all your reliable Marine tenants. One unit is 2 bedrooms and 1 bathroom and the other unit is 3 bedrooms and 1 bathroom with a 1 car garage. Both units have low maintenance tile or wood floors and come with a refrigerator, stove and swamp cooler. This investment opportunity is priced at an incredible cap rate of 7.5% based on the actual annual income of $18,840 and low annual expenses of $3,267. With an initial investment of 25% down, your actual cash on cash return will be an amazing 18.5%! Recently appraised at $205,000. All units are currently rented, so please do not disturb tenants. Drive by only.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-21T13:40:22.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/111087232
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    71840 Manana Drive 29 Palms, CA 92277

    • Price: $205,000
    • Status: Pending
    • Updated: 229 min ago
    • ID#: AR20208878
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1,680
    SQFT
    $122
    $/SQFT
    1959
    Built
    Neighborhood:
    DC723 - Harmony Acres
    County:
    San Bernardino
    Area:
    DC723 - Harmony Acres
    Property Description
    Great duplex in a great neighborhood with recent upgrades and increased rents. Its a quick 10 minute drive to the Marine Corps base for all your reliable Marine tenants. One unit is 2 bedrooms and 1 bathroom and the other unit is 3 bedrooms and 1 bathroom with a 1 car garage. Both units have low maintenance tile or wood floors and come with a refrigerator, stove and swamp cooler. This investment opportunity is priced at an incredible cap rate of 7.5% based on the actual annual income of $18,840 and low annual expenses of $3,267. With an initial investment of 25% down, your actual cash on cash return will be an amazing 18.5%! Recently appraised at $205,000. All units are currently rented, so please do not disturb tenants. Drive by only.
    Exterior Features

    Fencing Chain Link Foundation Details Slab Number Of Separate Electric Meters 2 Open Parking Spaces 2 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved

    Interior Features

    Common Walls No Common Walls Cooling Evaporative Cooling Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Common Interest None Community Features HikingMountainousNear National Forest Current Financing None Disclosures Familial Relation Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 18840 Gross Scheduled Income 18840 Insurance Expense 473 Land Lease YN No Laundry Features In Garage Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventionalVa Loan Net Operating Income 15573 New Construction YN No New Taxes Expense 2340 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 3267 Rent Control YN No Senior Community YN No Sewer Septic Tank Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 18840 Trash Expense 0 Utilities Electricity ConnectedWater Connected Water Sewer Expense 454 Water Source Public

    Listing provided courtesy of Geoffrey Soumakian of Golden State Prop. & Inv.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-21T13:40:22.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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    Temecula CA, 92592