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1751 N Mcdonald St

El Centro, CA 92243
  • $202,000
  • STATUS: Closed
  • ON SITE: 306 Days
  • MLS #: 23311847IC
Sold - 03/22/2024
$202,000
SOLD - 03/22/2024
  • 4
    BEDS
  • 1.08
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,082
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:
Area:

School Ratings & Info

Description

Fantastic Investment Opportunity in El Centro's Prime Location! Don't miss out on this outstanding chance to become the owner of a multi-unit property nestled in the heart of El Centro. This property originally featured four separate buildings at one time. The outside has recently undergone a complete exterior repaint. The property has a history of long-term, reliable tenants to produce a steady income generator. What sets this investment apart is the incredible potential for expansion. It sits on over an acre if land. The surrounding area has witnessed substantial development, including the construction of new apartment buildings to the North, making it a hot spot for real estate investors. The property's location offers great convenience, with popular shopping destinations like Lowes, Target, and Costco just a stone's throw away. This prime location not only caters to the needs of your tenants but also enhances the property's long-term value. Seize this exceptional real estate opportunity today and reap the rewards of owning a multi-unit property in El Centro

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© 2024 Imperial County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or DMA Real Estate. Data last updated: 2024-07-17T23:40:58.353.
www.dmahouses.com/homes/143439114
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1751 N Mcdonald St El Centro, CA 92243

  • Price: $269,900
  • Status: Closed
  • On Site: 306 Days
  • Updated: 71 min ago
  • MLS #: 23311847IC
4
Beds
3
Baths
0
½ Baths
1.08
Acres
2,082
SQFT
$0
$/SQFT
1930
Built
Neighborhood:
El Centro
County:
Imperial
Area:
El Centro
Property Description
Fantastic Investment Opportunity in El Centro's Prime Location! Don't miss out on this outstanding chance to become the owner of a multi-unit property nestled in the heart of El Centro. This property originally featured four separate buildings at one time. The outside has recently undergone a complete exterior repaint. The property has a history of long-term, reliable tenants to produce a steady income generator. What sets this investment apart is the incredible potential for expansion. It sits on over an acre if land. The surrounding area has witnessed substantial development, including the construction of new apartment buildings to the North, making it a hot spot for real estate investors. The property's location offers great convenience, with popular shopping destinations like Lowes, Target, and Costco just a stone's throw away. This prime location not only caters to the needs of your tenants but also enhances the property's long-term value. Seize this exceptional real estate opportunity today and reap the rewards of owning a multi-unit property in El Centro
Exterior Features

Carport Spaces Total 0 Covered Parking 0 Exterior Construction Wood Garage Structures Total 0 Parking Garage DrivewayPublic Roof Bitumen Total Parking 10

Interior Features

Cooling Window Unit(s) Equipment Oven/Range-Gas Flooring LinoleumTile Foundation Details Foundation - Concrete Perimeter Heating None Laundry Outside Number Electric Meters 3 Number Gas Meters 2 Number Range 3 Number Wall AC 3 Rooms FamilyKitchen Unit Baths1 2.00 Unit Baths2 1.00 Unit Baths3 1.00 Unit Beds1 2 Unit Beds2 1 Unit Beds3 1 Water Heaters YN Yes

Property Features

Actual Annual Gross Rent 25500.00 Actual Gross Annual Income 25500.00 Adjusted Gross Income 25500 Disclosures As Is Gross Operating Income 25500 Insurance Expense 1000.00 Net Operating Income 25500.00 Number Leased 3 Owner Pays Water Property Sub Type 1 to 4 Units Sale Type Standard Sewer In StreetSeptic Tenant Pays ElectricGas Total Annual Expense 1100 Unit Rent1 775.00 Unit Rent2 800.00 Unit Rent3 550.00 Water City Water Heater Features Gas Zoning R1

Listing courtesy of Prince & Associates Realtors: 760-604-3166.


© 2024 Imperial County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or DMA Real Estate. Data last updated: 2024-07-17T23:40:58.353.
 
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Imperial CA, 92251