273 E Kingman Street
San Bernardino, CA 92410
0.14 acres | #SW24163685
Description
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!!
Property Details
- Lot DescriptionTwoToFiveUnitsAcre
- Stories1
Measurements
- Acres0.1435
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1950
Utilities / Energy Details
- Sewer InformationPublicSewer
Community and Neighborhood Details
- CountySan Bernardino
Financial Details
- Original List Price$400,000
Other
- MLS #SW24163685
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Tony Burton (#HMBURTTO)
Listing Office: Burton Commercial, Inc. (#HM3066)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
