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Investor's Special! This property is ready for you to turn it into 10 units (city plans are in the works). Each unit should rent for about $900 which show $9,000/month. At cap rate of 6% and 25% vacancy rate. This property can be worth about 1.3M. The estimated cost of renovation is between $300K-$400K. It has been a church, motel and apartment complex in the past. Potentially a group home. Mojave is 30 minutes from Palmdale and EAFB. Check out Aerotech News to see upcoming plans for Mojave! This opportunity is for the savvy investor.
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