- MLS#: OC24222526 ( Apartment )
- Street Address: 1451 Michigan Avenue
- Viewed: 12
- Price: $5,895,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1976
- Bldg sqft: 0
- Days On Market: 60
- Additional Information
- County: RIVERSIDE
- City: Beaumont
- Zipcode: 92223
- Subdivision: Other (othr)
- Provided by: Brett Bayless, Broker
- Contact: Brett Brett
- DMCA Notice
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DescriptionBeaumont 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.
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