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505 Giles Ave Calexico, CA 92231
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Key Details
Sold Price $582,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 836 sqft
Price per Sqft $696
MLS Listing ID 240028956
Sold Date 02/04/25
Bedrooms 8
Full Baths 8
HOA Y/N No
Year Built 1975
Property Sub-Type Res Income 2-4 Units
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
Community Out Of Area
Area Imp Cty-Calexico (92231)
Building/Complex Name Calexico
Interior
Cooling Central Forced Air
Exterior
Exterior Feature Stucco
Fence Partial
Roof Type Composition
Building
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $1,150
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Call Agent
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Bought with Manny Hernandez • American Group