San Bernardino, CA 92410,273 E Kingman Street
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San Bernardino, CA 92410,273 E Kingman Street
San Bernardino, CA 92410,273 E Kingman Street
San Bernardino, CA 92410,273 E Kingman Street
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$ 400,000
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273 E Kingman Street San Bernardino, CA 92410

1 Bed

946 SqFt


UPDATED:

08/31/2024 03:18 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 946 sqft

Price per Sqft $422

MLS Listing ID CRSW24163685

Bedrooms 1

HOA Y/N No

Year Built 1950

Lot Size 6,250 Sqft

Acres 0.14

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!!

Location

State CA

County San Bernardino

Area Listing

Interior

Fireplace No

Laundry Other

Exterior

Exterior Feature Other

Building

New Construction No

Others

Tax ID 0135144050000


Bridge MLS
Listed by Tony Burton • Burton Commercial, Inc.

Devin Ratoosh

Broker Associate | License ID: r01820096

+1(510) 919-5499

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273 E Kingman Street