6
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$5,895,000
Est. payment /mo
Active
1451 Michigan AVE Beaumont, CA 92223
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC24222526
Originating Board California Regional MLS
Year Built 1976
Lot Size 2.150 Acres
Property Description
Beaumont Park is a 33-unit apartment community located in one of the fastest growing cities of Riverside County, Beaumont, CA. The well-appointed asset is situated on a large 2.15-acre lot and provides tenants the benefit of low density living with only 15.3 units per acre, single story construction, and ample parking. The asset features an ideal unit mix of (70%) 2 Bed / 2 Bath units, and (30%) 1 Bed / 1 units, and boasts high occupancy, providing investors an opportunity to enhance yield in the near term with rent increases and recovery of loss-to-lease. Within a 15-, 30-, and 60-minute commute of Beaumont Park, there are approximately 24,500, 275,500, and 1.35 million jobs, respectively. Easy access to jobs provides an increasingly robust tenant base.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Interior
Heating No Heating
Laundry Laundry Area
Exterior
Pool 31, None
View Hills
Building
Story One Story
Sewer TBD
Water District - Public
Others
Tax ID 404260002
Special Listing Condition Not Applicable
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Listed by Brett Bayless • Brett Bayless, Broker