UPDATED:
10/10/2024 12:19 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,635 sqft
Price per Sqft $288
MLS Listing ID SW24174550
HOA Y/N No
Year Built 1973
Lot Size 9,374 Sqft
Acres 0.2152
Property Description
These units consist of four 2 bedrooms, 2 baths, and each unit has it's own 1 car garage.
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, we're putting out $114,240 annual gross income, a 9.19 Gross Rent Multiplier, a 9.29% Cap Rate, and a robust double digit 19.20% Cash on Cash!! For all income, expense, and return information, please see Marketing Package attached in Supplements.
ACTUAL RENTS ARE LOW BUT THEY ARE MONTH TO MONTH. TENANT'S CAN CONSENT TO PAYING MARKET RENTS.
Location
State CA
County San Bernardino
Area 269 - Yucaipa/Calimesa/Oak Glen
Rooms
Ensuite Laundry In Garage
Interior
Laundry Location In Garage
Fireplace No
Laundry In Garage
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Suburban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 0319083140000
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Special Listing Condition Standard
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