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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$899,000

Est. payment - /mo

0.3 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW26186913

HOA Y/N No

Year Built 1930

Lot Size 0.303 Acres

Property Sub-Type Triplex

Property Description

PLEASE SEE NEARBY SALE COMP IN SUPPLEMENTS ATTACHED FOR $1,248,000!! SIMILAR BED/BATH COUNT AND SIMILAR DISTANCE FROM UNIVERSITY!!! That's why this is a rare great offering. Just minutes north of the University and south of Redlands Blvd. Property consists of a large 2,500 SF +/-, 3 bed 2 bath freestanding home with it's own private fenced front & rear yard in the front of the property. And a duplex in rear of the property that consists of two 2 bed 1 bath for each duplex unit. PLEASE SEE 3&2 and 2&1 RENT COMPS IN SUPPLEMENTS ATTACHED! Further, there is excess land of a building pad that can accommodate 4+ plus units. All property and units have been remodeled like new. Front house has all its own utilities including its own water meter that tenants sign up for and pay for SO LANDLORD DOESN'T HAVE TO PAY WATER!!. The front house is vacant but we have a tenant lined up to pay $3,500 monthly if your buyer wants. The front house has it's own laundry room inside, and the duplex has its own laundry room. At Actual Rents (including prospective tenant) we're putting out a better than market 7.05% Cap Rate!!! At market rents, we're putting out a 9.48 Gross Rent Multiplier, an impressive 9.16% Cap Rate, and an EYEOPENING 17.00% CASH ON CASH RETURN!!. Please see this data along with the the Rent Roll in the SUPPLEMENTS attached.

Location

State CA

County San Bernardino

Area 267 - Loma Linda

Interior

Cooling Central Air

Fireplaces Type Living Room

Fireplace Yes

Laundry Inside, Laundry Room

Exterior

Pool None

Community Features Suburban

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 0283114350000

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Tony Burton Burton Commercial, Inc. 951-375-7433, DRE #01014173

NEARBY SCHOOL & BUSINESS

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