35162 Avenue E
Yucaipa, CA 92399
0.61 acres | #SW24174571
Description
This offering is a rarity.
FOUR SEPARATE HOUSES ONE ONE LOT!!!
The houses are:
Two houses that are 3 bedrooms, 2 baths.
One house that's 2 bedroom, 1 bath
One house that's 1 bedroom, 1 bath.
The 3 bed 2 bath houses have 2 car garages each. The other two units are space parking.
The two 3 bedroom 2 bath houses were built in 2007.
The 2 bedroom 1 bath house, and the 1 bedroom 1 bath house, were totally updated in 1989.
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, it puts out $110,000 annually, a 10.45 Gross Rent Multiplier, an 8.04% Cap Rate, and a stunning double digit 12.93% Cash on Cash Return! You can view the income, expenses, and returns in the Marketing Package attached in Supplements.
Also, in the Marketing Package attached, please see a very similar Sale Comp. We have a nearby sale, 4 units, with similar beds/beds/square footage, at 12690 7th Street in Yucaipa that sold on 10/13/23 for $1,365,000!!!
WE WILL LOOK AT ALL OFFERS AND LETTERS OF INTENT. PLEASE DON'T HESITATE TO SEND OUT EITHER AND WE WILL RESPOND!! YOU CAN SIMPLY EMAIL A LETTER OF INTENT IF YOU'D LIKE AND THAT ONLY TAKES MINUTES! THANK YOU.
Property Details
- Lot DescriptionTwoToFiveUnitsAcre
- Stories1
Measurements
- Acres0.6061
Parking
- Parking Spaces4
Construction Details
- Property TypeMulti-Family
Condition
- Year Built2007
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountySan Bernardino
Financial Details
- Original List Price$1,150,000
Other
- MLS #SW24174571
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Tony Burton (#HMBURTTO)
Listing Office: Burton Commercial, Inc. (#HM3066)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
