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459 AUBURN AVE
ADELANTO, CA 92301
Asking Price
$500K
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B
What's Special
15.61 Acres Ready To Build Residential SFR or MultiFamily in Adelanto CA <p><strong style="color: rgba(0, 0, 0, 1)">Get Ready to Build. Tentative Tract Map # 14978 has expired, but did allow for 64 SFR's. Recent changes to zoning in Adelanto MAY allow for higher density and Manufactured Homes - Check with City. Water and sewer line in place for housing developments on 3 sides. Pavement along the northern edge (Jay St). Buy 15.61 acres now and develop in phases. Buy in the path of future development. Drive By Anytime.</strong></p>
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NOI
$80,000
Cap Rate
16.00%
DSCR
2.69
Strong
Cash-on-Cash
33.54%
Monthly Payment
$2,473.727
Annual Cash Flow
$50,315.274
