Listed by 951-375-7433 - Tony Burton - DRE #01014173 - Burton Commercial, Inc. 951-375-7433
$400,000 affordable loan icon Calculate Payment

273 Kingman Street San Bernardino, CA 92410

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Duplex Residence
Beds
Baths
946 Sq. Ft.
0.14 Acre Lot
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Last updated on 11/15/2024 5:32 PM

Listing Details

This offering is an incredible buy! It's a duplex located in San Bernardino. It consists of two 1 bedroom 1 bath units. We are asking $400,000. As you can see in the attachments, there's a nearby duplex at 734-736 W 25th Street that sold on 09/14/23 for $445,000!!! This complex has been... taken care of inside and out. Just check out the pictures! This offering really performs, and way beyond the market! We're at a $35,800 annual gross income, a 11.15 Gross Rent Multiplier, and a 7.24 Cap Rate, at market rents!! Check out the rent roll (IN SUPPLEMENTS), showing actual and month to month rents. All actual rents are month to month, and the tenant's know the property is for sale, and that their rents must be brought up to market after closing of this sale. To see market rents, please note the "RENT COMP" attached in SUPPLEMENTS. To see sale comp noting that we are listed $45,000 under market price, please see SALE COMP attached in SUPPLEMENTS. TENANTS KNOW PROPERTY IS FOR SALE AND KNOW WHAT MARKET RENTS ARE. THEY ARE WILLING TO CHANGE THEIR EXISTING MONTH TO MONTH RENTS, AND SIGN NEW RENTAL AGREEMENTS AT/NEAR MARKET RENTS, AT TRANSFER OF OWNERSHIP!! Continue reading
MLS#
SW24163685
Property Type
Duplex
Status
Year Built
1950
Square Feet
946 sq. ft
Lot Size
0.14
Stories
1.0
Sewer
Public Sewer
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Listed by 951-375-7433 - Tony Burton - DRE #01014173 - Burton Commercial, Inc. 951-375-7433
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 11/15/2024 5:32 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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