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Multi-Use Building for Sale Ideal Investment 54790 N Circle Dr

3 Unit Apartment Building $785,131 CAD ($261,710 CAD/Unit) 6.75% Cap Rate Idyllwild, CA 92549

Investment Highlights

  • Multi Family
  • Office commercial space

Executive Summary

This versatile multi-use property offers a unique combination of residential and commercial space, perfectly suited for a variety of business. Located on N. Circle this great investment features:Residential Unit 1: A 1-bedroom, 1-bath apartment (500 sq. ft.) unit. This is an upstairs unit currently rented and bringing in $1500/mo. Residential Unit 2: A Standalone 1-bedroom, 1-bath house (1200 sq. ft.) Separate Driveway and currently brings in $1500/mo. The Commercial Unit: A prime commercial space (500 sq. ft.) featuring a convenient half-bath, perfect for a variety of uses such as retail, office, or studio. Featuring ample windows Main floor access and additional sq footage.Whether you're looking for a mixed-use investment, a live/work setup, or a location for your business, this property provides the flexibility to suit many needs. With a total of 2,200 sq. ft. of space and a prime location, it's a great opportunity for those looking to expand their portfolio or establish a presence in Idyllwild.

Data Room Click Here to Access

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $57,576 $26.17
Other Income - -
Vacancy Loss - -
Effective Gross Income $57,576 $26.17
Taxes $5,568 $2.53
Operating Expenses $1,963 $0.89
Total Expenses $7,531 $3.42
Net Operating Income $50,046 $22.75

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $57,576
Annual Per SF $26.17
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $57,576
Annual Per SF $26.17
Taxes (CAD)
Annual $5,568
Annual Per SF $2.53
Operating Expenses (CAD)
Annual $1,963
Annual Per SF $0.89
Total Expenses (CAD)
Annual $7,531
Annual Per SF $3.42
Net Operating Income (CAD)
Annual $50,046
Annual Per SF $22.75

Property Facts

Price $785,131 CAD
Price Per Unit $261,710 CAD
Sale Type Investment
Cap Rate 6.75%
Gross Rent Multiplier 13.63
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Lot Size 0.29 AC
Building Size 2,200 SF
Average Occupancy 66%
No. Stories 2
Year Built 1956
Parking Ratio 4.09/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $1,636 CAD 500
1+1 1 $1,636 CAD 1,200
Studios 1 $1,527 CAD 500

zoning

Zoning Code C-P-S and R3A (Zoning as both commercial and multi residential.)
C-P-S and R3A (Zoning as both commercial and multi residential.)
  • Listing ID: 34267293

  • Date on Market: 2024-12-21

  • Last Updated:

  • Address: 54790 N Circle Dr, Idyllwild, CA 92549

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