1451 Michigan Avenue

Beaumont, CA 92223
$5,895,000
2.15 acres | #OC24222526
Courtesy of Brett Bayless, Broker

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.

  • Property Details
    • Property
      • View:Mountains
      • Stories:1
      • Lot description:ElevenToFifteenUnitsAcre
    • Measurements
      • Acres:2.15
  • Construction Details
    • Type & Style
      • Property type:Multi-Family
    • Condition
      • Year built:1976
  • Utilities / Energy Details
    • Utility
      • Sewer information:Unknown
      • Utility source:Public
  • Community and Neighborhood Details
    • Community
      • Subdivision:, NA
    • Location
      • County:Riverside
  • Financial Details
    • Pricing Details
      • Original List Price:$5, 895, 000
  • Other
    • Source
      • MLS #:OC24222526

Location

Move Fast Move Now with John Reyes & Margie KossmanMove Fast Move Now with John Reyes & Margie Kossman
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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