Property Detail

1451 Michigan

Beaumont CA 92223

$5,895,000

Status: Active

Property Details

Description

Beaumont Park is a 33-unit apartment community located in one of the fastest growing cities of Riverside County, Beaumont, CA. The well-appointed asset is situated on a large 2.15-acre lot and provides tenants the benefit of low density living with only 15.3 units per acre, single story construction, and ample parking. The asset features an ideal unit mix of (70%) 2 Bed / 2 Bath units, and (30%) 1 Bed / 1 units, and boasts high occupancy, providing investors an opportunity to enhance yield in the near term with rent increases and recovery of loss-to-lease. Within a 15-, 30-, and 60-minute commute of Beaumont Park, there are approximately 24,500, 275,500, and 1.35 million jobs, respectively. Easy access to jobs provides an increasingly robust tenant base.

Map Location

Listing provided courtesy of Brett Bayless of Brett Bayless, Broker. Last updated 2024-11-23 09:11:38.000000. Listing information © 2024 CRMLS.

John Collins

John Collins

DRE# 01948188
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