Back on the market due to previous buyer losing their financing! We have an appraisal in at $119k. Many additional improvements have been made since appraisal including a new kitchen in the studio and wrought iron fencing. This 3-plex is an amazing positive cash flow investment opportunity in Needles, CA! Located alongside the Colorado River in the Mohave Valley, Needles has a huge housing shortage right now due to the Commercial expansion of the Cultivation of Marijuana. There are several hundred thousand square feet of buildings for the Commercial Cultivation currently being built. There are currently 4 buildings up and running. This is bringing so many jobs to Needles that the housing can't keep up. PGE is also set to begin construction on a new 100+ mile gas line starting at the California/Arizona border which is going to bring several hundred additional jobs to the City of Needles. These workers will be looking for rentals. The front 2-bedroom house approximately 950 sq feet has been repainted inside and out along with brand new flooring and fixtures and is ready to rent. The 1-bedroom upstairs is currently rented at $475 per month and the tenant also does all the maintenance on the 3 units. There is a studio apartment downstairs that is completely remodeled with new fixtures flooring and paint and is ready to rent. There is a separate 2 car garage/carport as well as a separate building with washer/dryer for all 3 units to use.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
