273 E Kingman Street, San Bernardino, CA 92410
-
Listed Price :
$400,000
-
Beds :
N/A
-
Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1950
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!!
Interior Features
| Laundry Information |
| Location(s) |
Electric Dryer Hookup, Gas Dryer Hookup |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
273 E Kingman Street |
| City |
San Bernardino |
| State |
CA |
| Zip |
92410 |
| County |
San Bernardino |
| Listing Agent |
Tony Burton DRE #01014173 |
| Courtesy Of |
Burton Commercial, Inc. |
| List Price |
$400,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Duplex |
| Structure Size |
N/A |
| Lot Size |
6,250 |
| Year Built |
1950 |
Listing information courtesy of: Tony Burton, Burton Commercial, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 31st, 2024 at 2:03 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
