127 May Avenue

Barstow, CA 92311

$220,000

List Price

3

bed Beds

1

shower Baths

1,086 sqft

straighten / sqft

1947

calendar_month Built

Property Description

127 May Ave, Barstow, CA is an exceptional investment opportunity for several compelling reasons: Rental Demand: Barstow's rental market is robust, with a steady demand for residential properties. This demand is fueled by the city's growing workforce and the presence of military personnel from nearby Fort Irwin. The last tenant was paying $1,500, providing a reliable income stream for investors. Great 3 Bedroom Home: With a bonus room that could be converted back into a bathroom, used as an office, or a 4th room, this property is perfect for first-time home buyers. It offers three spacious bedrooms and laminate floors throughout the home, making cleaning easy and hassle-free. Future Potential: Barstow's strategic location positions it for continued growth. The city is part of the larger High Desert region, which is attracting significant investment and development. Gateway (BIG) is currently working to make a $1.5 billion investment in the High Desert a reality, further boosting the area's economic prospects. Additionally, the lot has room to expand in the future, providing plenty of space for further development. Economic Growth: Barstow has been experiencing steady economic growth, driven by its proximity to major distribution centers and its role as a hub for commerce. The city's efforts to attract new businesses and infrastructure improvements contribute to a positive investment climate. Affordable Entry Point: Compared to larger cities in California, Barstow offers a more affordable entry point for real estate investors. The cost of acquiring property here is significantly lower, allowing for better returns on investment over time. Community and Amenities: The area around 127 May Ave boasts a close-knit community with access to essential amenities, including schools, shopping centers, and healthcare facilities. The ongoing development projects in the vicinity further enhance the neighborhood's appeal. Overall, 127 May Ave in Barstow, CA represents a solid investment with potential for long-term growth, driven by its strategic location, economic prospects, affordability, and strong rental demand.

Listing Information

List Price $220,000
Status Active
MLS TR24158464
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1947
Lot Size 6,000
Structure Size 1,086
DOM 26
Courtesy Of Homecoin.com
Listing Agent Jonathan Minerick DRE#01523060

Interior Features

Laundry Information
Location(s) Washer Hookup, Electric Dryer Hookup
Total Bedroom
Bedrooms 3
Total Bathroom
Bathrooms 1
Flooring Information
Material Vinyl
Fireplace Information
Features None
Additional Information
Additional Features Laminate Counters, All Bedrooms Down
Cooling Type
Cooling Type Evaporative Cooling

Exterior Information

Maps

Listing information courtesy of: Jonathan Minerick, Homecoin.com . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 28th, 2024 at 1:58 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.