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0 Richardson Road

Adelanto, CA 92301
  • $159,000
  • STATUS: Active
  • ON SITE: 169 Days
  • ID#: IV21127437
UPDATED: 39 min ago
$159,000
  • 0
    BEDS
  • 9.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing provided courtesy of Satpal Singh of Singh & Sons Realty

Description

10 Acres of Prime Land in Adelanto City approximately 3 miles west of City Hall. Seller will consider all reasonable offers. Solar Lease in place with possible $12000 rental income per year starting 2022. This is an excellent income producing property with lease term of 20 years plus one 5 year extension. Expected Cap Rate over 5.6%. The project is underway with studies and investigations process with the City. Long term rental income opportunity with no maintenence.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-29T08:23:42.797. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Real Estate Group | Compass. Licensed in the State of California, USA.
www.brandonrealestategroup.com/homes/118183026
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0 Richardson Road Adelanto, CA 92301

  • Price: $159,000
  • Status: Active
  • On Site: 169 Days
  • Updated: 39 min ago
  • ID#: IV21127437
0
Beds
0
Baths
0
½ Baths
9.69
Acres
Neighborhood:
ADL - Adelanto
County:
San Bernardino
Area:
ADL - Adelanto
Property Description
10 Acres of Prime Land in Adelanto City approximately 3 miles west of City Hall. Seller will consider all reasonable offers. Solar Lease in place with possible $12000 rental income per year starting 2022. This is an excellent income producing property with lease term of 20 years plus one 5 year extension. Expected Cap Rate over 5.6%. The project is underway with studies and investigations process with the City. Long term rental income opportunity with no maintenence.
Exterior Features

Lot Features Desert FrontLot Over 40000 SqftLevelRectangular Lot Sign On Property YN No View DesertMountain(S) View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Rural Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan New Construction YN No Senior Community YN No Special Listing Conditions Standard Utilities None Water Source Other Zoning Dl-5



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-29T08:23:42.797. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brandon Real Estate Group | Compass. Licensed in the State of California, USA.
 
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Brandon Real Estate Group | Compass
540 S Coast Hwy, Ste 202
Laguna Beach CA, 92651
Listing provided courtesy of Satpal Singh of Singh & Sons Realty