18140 Poinciana Road Save Request In-Person Tour Request Virtual Tour
Adelanto,CA 92301
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,338 sqft
Price per Sqft $209
MLS Listing ID IV25081788
Bedrooms 8
Full Baths 5
Year Built 1986
Lot Size 8,687 Sqft
Property Sub-Type All Other Attached
Property Description
Welcome to 18140 Poinciana Rda well-maintained fourplex offering immediate cash flow and upside potential in the fast-growing High Desert region. Priced at$700,000, this two-story building consists of four spacious units: one 3-bed/2-bath, two 2-bed/1-bath, and one 1-bed/1-bath, totaling approximately 3,338rentable square feet on a 0.20-acre lot. Current rents generate a Gross Scheduled Income of $61,236 annually with market rents projected at $70,080offering an attractive path to a 6.63% pro forma CAP rate. With a current CAP of 5.83% and pro forma GRM of 9.99, this property provides strong fundamentals with room for rent growth. Operating expenses are efficient at 32%, and tenants pay their own utilities (gas/electric).
Location
State CA
County San Bernardino
Interior
Cooling Central Forced Air
Fireplaces Type Other/Remarks
Exterior
Garage Spaces 4.0
View Y/N Yes
View Desert
Building
Story 2
Sewer Public Sewer
Water Public
Others
Special Listing Condition Standard