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$1,150,000
Est. payment /mo
0.61 Acres Lot
UPDATED:
10/18/2024 07:48 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSW24174571
Originating Board California Regional MLS
Year Built 2007
Lot Size 0.606 Acres
Property Description
This offering is a rarity. FOUR SEPARATE HOUSES ONE ONE LOT!!! The houses are: Two houses that are 3 bedrooms, 2 baths. One house that's 2 bedroom, 1 bath One house that's 1 bedroom, 1 bath. The 3 bed 2 bath houses have 2 car garages each. The other two units are space parking. The two 3 bedroom 2 bath houses were built in 2007. The 2 bedroom 1 bath house, and the 1 bedroom 1 bath house, were totally updated in 1989. Each unit is separately metered with gas & electric, and tenants sign up for and pay for their own gas & electric bill. Landlord pays water and trash. This complex really performs! At market rents, it puts out $110,000 annually, a 10.45 Gross Rent Multiplier, an 8.04% Cap Rate, and a stunning double digit 12.93% Cash on Cash Return! You can view the income, expenses, and returns in the Marketing Package attached in Supplements. Also, in the Marketing Package attached, please see a very similar Sale Comp. We have a nearby sale, 4 units, with similar beds/beds/square footage, at 12690 7th Street in Yucaipa that sold on 10/13/23 for $1,365,000!!! WE WILL LOOK AT ALL OFFERS AND LETTERS OF INTENT. PLEASE DON'T HESITATE TO SEND OUT EITHER AND WE WILL RESPOND!! YOU CAN SIMPLY EMAIL A LETTER OF INTENT IF YOU'D LIKE AND THAT ONLY TAKES MINUTES
Location
State CA
County San Bernardino
Area 269 - Yucaipa/Calimesa
Interior
Laundry In Garage
Exterior
Garage Spaces 4.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 0319093090000
Special Listing Condition Not Applicable
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© 2024 MLSListings Inc. All rights reserved.
Listed by Tony Burton • Burton Commercial, Inc.
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