$400,000
273 E Kingman Street San Bernardino, CA 92410
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Listed by Tony Burton • Burton Commercial, Inc.
$400,000
Est. payment /mo
946 SqFt
UPDATED:
08/31/2024 09:51 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 946 sqft
Price per Sqft $422
MLS Listing ID CRSW24163685
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1950
Lot Size 6,250 Sqft
Property 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!!
Location
State CA
County San Bernardino
Interior
Fireplace No
Laundry Other
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