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    0 Richardson Road

    Adelanto, CA 92301
    • $159,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: IV21127437
    UPDATED: 22 min ago
    $159,000
    • 0
      BEDS
    • 9.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    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 2021-07-29T08:24:45.983. 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 The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
    www.bobkellyteam.com/homes/118183026
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    0 Richardson Road Adelanto, CA 92301

    • Price: $159,000
    • Status: Active
    • Updated: 22 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

    Listing provided courtesy of Satpal Singh of Singh & Sons Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T08:24:45.983. 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 The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
     
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    The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
    8898 La Mesa Blvd.
    La Mesa CA, 92042