273 E Kingman Street , San Bernardino, CA 92410
San Bernardino, CA 92410
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!!
Details
| MLS | SW24163685 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 35 |
| Listing Provided By | Burton Commercial, Inc. 951-375-7433 | Tony Burton |
Features
| SQ Feet | 946 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.14 |
Market Activity 92410
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | San Bernardino |
| Zip Code | 92410 |
| Area | 274 San Bernardino |
| Listing VS Median (in 92410) | |
Price: $400,000 low | high Med: $435,000 SqFt: 946 low | high Med: 861 $ / SqFt: $423 low | high Med: $505 On Site: 35 low | high Med: 1 | |