For more information regarding the value of a property, please contact us for a free consultation.
505 Giles Ave Calexico, CA 92231
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $582,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Out Of Area
MLS Listing ID 240028956SD
Sold Date 02/04/25
HOA Y/N No
Year Built 1975
Property Description
4 Townhomes for sale in one building, they are well designed. Kitchen, living room and full bathroom downstairs, bedrooms and additional bathrooms are upstairs. 8 parking spaces for your tenants. Great location. Solid investment, good income and cash flow. Annual Cashflow $47,600 per year, A healthy Cap Rate of 8.21. especially in such a desirable location with stable demand. The cash flow is positive and substantial, making this property potentially a solid investment. The gross rent multiplier is 10.51
Location
State CA
County Imperial
Building/Complex Name Calexico
Interior
Cooling Central Air
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 058=452012000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Read Less
Bought with Manny Hernandez • American Group