About 6038 Bagley Avenue
***MASSIVE PRICE REDUCTION***Welcome to a lucrative investment opportunity nestled in the heart of 29 Palms. This multi-unit property, located at 6038 Bagley Avenue, boasts 10 spacious and well-maintained units, offering a blend of comfort and convenience. This property is an ideal addition to any investment portfolio, offering a winning combination of current income and future appreciation. The area is known for its proximity to Joshua Tree National Park, making it a popular spot for nature lovers and those seeking outdoor activities. Don't miss this opportunity to acquire a valuable piece of real estate in a growing community. 10 well maintained units the have a solid rental track record. Mix of a Studio, 1's, 2's & Onsite laundry. Also, each unit is individually metered for electricity! Current Actual Cap rate 7.42%!!! and GRM is 9.8%!!
Features of 6038 Bagley Avenue
| MLS® # | DW24161111 |
|---|---|
| Price | $979,900 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Acres | 1.03 |
| Year Built | 1947 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 6038 Bagley Avenue |
|---|---|
| Area | 699 - Not Defined |
| City | 29 Palms |
| County | San Bernardino |
| Zip Code | 92277 |
Amenities
| Parking Spaces | 12 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Lot Description | Lot Over 40000 Sqft |
|---|
Additional Information
| Date Listed | August 5th, 2024 |
|---|---|
| Days on Market | 444 |
| Zoning | C-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Herbert Diaz |
|---|---|
| Office | PLF Real Estate Solutions |