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!!
Property Details
Price:
$400,000
MLS #:
SW24163685
Status:
Active
Baths:
0
Address:
273 E Kingman Street
Type:
Residential Income
Subtype:
Duplex
Neighborhood:
274sanbernardino
City:
San Bernardino
Listed Date:
Aug 1, 2024
State:
CA
ZIP:
92410
Lot Size:
6,250 sqft / 0.14 acres (approx)
Year Built:
1950
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Schools
Interior
Exterior
Community Features
Curbs, Gutters, Sidewalks
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Financial
Map
Community
- Address273 E Kingman Street San Bernardino CA
- Area274 – San Bernardino
- CitySan Bernardino
- CountySan Bernardino
- Zip Code92410
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Courtesy of Burton Commercial, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
273 E Kingman Street
San Bernardino, CA
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