MOJAVE owner financing home - a commercial property (20 beds, 10 baths)

priced for quick sale, multi units residential development, approved for 10 units, currently plans in process with county building and safey, property needs rehab , this is not ground up construction, there is existing 5,000 sqft building on a 15,000+ square feet lot lot , that provides great potential, this project will require a complete remodeling. the project received kern county planning commission cup approval to convert into a 10-unit apartment building consist of 5 studios and 5 one-bedroom units, all electric units with separate meters, no additions or major building alterations required, using the existing structure and available parking. currently plans are in approval process with building and safety, rents in the area increased by a lot in recent years, proforma shows between $100-$130k in gross annual rents. and with low expense ratio, cap rate is estimated to be between 7-10% once completed. with the new space port being developed in mojave, alternative energy developments and edwards air force base increasing activities, the rents in the area are in high demand. mojave is just 45 minutes from bakersfield and 30 minutes from lancaster. the building is secure and be...

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ing guarded, seller may carry for qualified buyers, contact broker for more information and showing-owner will consider carrying with experienced personThis owner financing home is a commercial property located in MOJAVE. It offers 15114 in size, 20 beds and 10 baths. Review its detailed information and determine if this MOJAVE owner financing has the qualities you are looking for.  

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This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.