$400,000
273 E Kingman ST San Bernardino, CA 92410
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$400,000
Est. payment /mo
6,250 Sqft Lot
UPDATED:
09/30/2024 06:29 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW24163685
HOA Y/N No
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!!
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
Area 274 - San Bernardino
Interior
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0135144050000
Acceptable Financing Cash, Cash to New Loan, FHA
Listing Terms Cash, Cash to New Loan, FHA
Special Listing Condition Standard
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Listed by Tony Burton • Burton Commercial, Inc. • 951-375-7433
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935