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Listed by DARREN CORREA • LE INVESTMENT GROUP
$ 640,000
Est. payment | /mo
8 Beds
5 Baths
3,338 SqFt
$ 640,000
Est. payment | /mo
8 Beds
5 Baths
3,338 SqFt
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,338 sqft
Price per Sqft $191
MLS Listing ID CRIV25081788
Bedrooms 8
Full Baths 5
Originating Board California Regional MLS
Year Built 1986
Lot Size 8,687 Sqft
Property Sub-Type Fourplex
Property Description
Welcome to 18140 Poinciana Rd-a well-maintained fourplex offering immediate cash flow and upside potential in the fast-growing High Desert region. Priced at $640,000, this two-story building consists of four spacious units: one 3-bed/2-bath, two 2-bed/1-bath, and one 1-bed/1-bath, totaling approximately 3,338 rentable square feet on a 0.20-acre lot. Current rents generate a Gross Scheduled Income of $61,236 annually with market rents projected at $70,080-offering an attractive path to a 7.35% pro forma CAP rate. With a current CAP of 6.34% and pro forma GRM of 9.13, this property provides strong fundamentals with room for rent growth. Operating expenses are efficient at 30-32%, and tenants pay their own utilities (gas/electric).
Location
State CA
County San Bernardino
Area Adl - Adelanto
Interior
Cooling Central AC
Fireplaces Type Other
Laundry None
Exterior
Garage Spaces 4.0
Pool None
View Other
Building
Water District - Public
Others
Tax ID 0459491350000
Special Listing Condition Not Applicable
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