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listing
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Residential IncomeFor Sale
$5,895,000
1451 Michigan Avenue
Beaumont, CA 92223
Listed by Brett Bayless DRE#01718244 [email protected] Brett Bayless, Broker
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$30,529/mo

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.

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Information courtesy of Brett Bayless, Broker is subject to verification and is not guaranteed.
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