$525,000
●
Mobile Manufactured -
Off Market
29665 Alicante Drive
Menifee, CA 92585
2 Beds
2 Baths
1,440 Ft²
$2,603
Est. Monthly
About This Property
Welcome to 29665 Alicante Drive! Discover a spacious property
situated on an impressive 51,836-square-foot lot, offering plenty
of room for horses, livestock, vehicles, trailers, boats, and
recreational vehicles. The home has 2 bedrooms, 2 bonus rooms
and 2 bathrooms, providing ample living space. The property
features central AC, laminate flooring, new windows, and a fully
gated lot for added privacy and security.
One of the standout features is the approximately 2,400-square-foot garage/workshop, offering an incredible amount of space for parking, storage, projects, or a variety of uses. There is also an additional living area and bathroom converted within a portion of the garage, providing even more flexibility. With its large lot, expansive garage/workshop, gated grounds, and room for horses and other livestock, this property offers a unique opportunity for those looking for space and versatility. A must see for you to appreciate all this Amazing property has to offer.
One of the standout features is the approximately 2,400-square-foot garage/workshop, offering an incredible amount of space for parking, storage, projects, or a variety of uses. There is also an additional living area and bathroom converted within a portion of the garage, providing even more flexibility. With its large lot, expansive garage/workshop, gated grounds, and room for horses and other livestock, this property offers a unique opportunity for those looking for space and versatility. A must see for you to appreciate all this Amazing property has to offer.
Unit Size
1,440 Ft²
Days on Market
36 days
Land Size
1.19 acres
Price per sqft
$368
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
-
Year Built
1979
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 13 days ago (CRMLS #PW26192154)
Price History
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Menifee
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Listed by: Martha Delgadillo-Medina, NextMove Real Estate
Last Updated: 13 days ago
Data Source: CRMLS, MLS# PW26192154
Last Updated: 13 days ago
Data Source: CRMLS, MLS# PW26192154
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