Description
Rare 6-Plex within walking distance of Frontier Caf and revitalized Old Town. Short drive to Pioneertown and renown Pappy & Harriet's. Close to Joshua Tree and National Park. Fully occupied, excellent investment. Updated. Each unit has its own carport and patio. Ideal opportunity for investor searching for an under-utilized rising market where demand for rental properties has outpaced availability. With quickly rising rents in area, a prudent investor over time could possibly increase rents by 25% on par with some similar units in the area, allowing buyer to realize a 7% capitalization rate and possible 30% internal rate of return over a five year period (buyer to check).
Details
| MLS# | JT20235409 |
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| Listing Type | For Sale |
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| Sub-Type | Resale |
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| Status | Pending |
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| Year | 1972 |
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| Days On Site | 64 |
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Features
| Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
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| Date: Dec 2020 | Sales: 1 | Avg $ Per SqFt: $132.9 | Min Sale Price: $288,000 | Max Sale Price: $288,000 | Med Sale Price: $288,000 |
| Date: Nov 2020 | Sales: 64 | Avg $ Per SqFt: $135.01 | Min Sale Price: $5,000 | Max Sale Price: $1,600,000 | Med Sale Price: $50,000 |
| Date: Oct 2020 | Sales: 96 | Avg $ Per SqFt: $152.78 | Min Sale Price: $16,000 | Max Sale Price: $910,000 | Med Sale Price: $192,750 |
| Date: Sep 2020 | Sales: 37 | Avg $ Per SqFt: $188.81 | Min Sale Price: $45,000 | Max Sale Price: $1,100,000 | Med Sale Price: $270,000 |
| Date: Aug 2020 | Sales: 69 | Avg $ Per SqFt: $189.04 | Min Sale Price: $2,500 | Max Sale Price: $720,000 | Med Sale Price: $240,000 |
| Date: Jul 2020 | Sales: 110 | Avg $ Per SqFt: $165.62 | Min Sale Price: $1 | Max Sale Price: $625,000 | Med Sale Price: $216,800 |
| Date: Jun 2020 | Sales: 58 | Avg $ Per SqFt: $167.69 | Min Sale Price: $1,250 | Max Sale Price: $780,000 | Med Sale Price: $260,500 |
| Date: May 2020 | Sales: 65 | Avg $ Per SqFt: $169.67 | Min Sale Price: $850 | Max Sale Price: $799,000 | Med Sale Price: $265,000 |
| Date: Apr 2020 | Sales: 109 | Avg $ Per SqFt: $143.21 | Min Sale Price: $2,200 | Max Sale Price: $505,000 | Med Sale Price: $195,000 |
| Date: Mar 2020 | Sales: 368 | Avg $ Per SqFt: $124.71 | Min Sale Price: $1,200 | Max Sale Price: $885,000 | Med Sale Price: $155,000 |
| Date: Feb 2020 | Sales: 1 | Avg $ Per SqFt: $157.57 | Min Sale Price: $540,000 | Max Sale Price: $540,000 | Med Sale Price: $540,000 |
| Dec 2020 |
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| Sales: | 1 |
| Avg $ Per SqFt: | $132.9 |
| Min Sale Price: | $288,000 |
| Max Sale Price: | $288,000 |
| Med Sale Price: | $288,000 |
| Nov 2020 |
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| Sales: | 64 |
| Avg $ Per SqFt: | $135.01 |
| Min Sale Price: | $5,000 |
| Max Sale Price: | $1,600,000 |
| Med Sale Price: | $50,000 |
| Oct 2020 |
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| Sales: | 96 |
| Avg $ Per SqFt: | $152.78 |
| Min Sale Price: | $16,000 |
| Max Sale Price: | $910,000 |
| Med Sale Price: | $192,750 |
| Sep 2020 |
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| Sales: | 37 |
| Avg $ Per SqFt: | $188.81 |
| Min Sale Price: | $45,000 |
| Max Sale Price: | $1,100,000 |
| Med Sale Price: | $270,000 |
| Aug 2020 |
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| Sales: | 69 |
| Avg $ Per SqFt: | $189.04 |
| Min Sale Price: | $2,500 |
| Max Sale Price: | $720,000 |
| Med Sale Price: | $240,000 |
| Jul 2020 |
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| Sales: | 110 |
| Avg $ Per SqFt: | $165.62 |
| Min Sale Price: | $1 |
| Max Sale Price: | $625,000 |
| Med Sale Price: | $216,800 |
| Jun 2020 |
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| Sales: | 58 |
| Avg $ Per SqFt: | $167.69 |
| Min Sale Price: | $1,250 |
| Max Sale Price: | $780,000 |
| Med Sale Price: | $260,500 |
| May 2020 |
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| Sales: | 65 |
| Avg $ Per SqFt: | $169.67 |
| Min Sale Price: | $850 |
| Max Sale Price: | $799,000 |
| Med Sale Price: | $265,000 |
| Apr 2020 |
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| Sales: | 109 |
| Avg $ Per SqFt: | $143.21 |
| Min Sale Price: | $2,200 |
| Max Sale Price: | $505,000 |
| Med Sale Price: | $195,000 |
| Mar 2020 |
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| Sales: | 368 |
| Avg $ Per SqFt: | $124.71 |
| Min Sale Price: | $1,200 |
| Max Sale Price: | $885,000 |
| Med Sale Price: | $155,000 |
| Feb 2020 |
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| Sales: | 1 |
| Avg $ Per SqFt: | $157.57 |
| Min Sale Price: | $540,000 |
| Max Sale Price: | $540,000 |
| Med Sale Price: | $540,000 |
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MLS Number: JT20235409