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Description
This offering is a triplex located in the San Bernardino/Highland area of the Inland Empire. This area is conveniently surrounded by the I-10, the 210, and the I-15 Freeways, making it an easy commute to get to/from Los Angeles and Orange Counties within 30-45 minutes. THIS TRIPLEX HAS THREE 2 BEDROOMS 2 BATHS UNITS!! Having the extra baths in each unit means more money to you and is a super attraction to tenants, and their willingness to pay top rents. Most of the available units in the area have either 1 bedroom's 1 bath's or 2 bedrooms 1 baths, so units having 2 bedrooms 2 baths like this offering are a rarity. Moreover, the short supply of 2 bedroom 2 bath units means those rent will rise quicker!! Please see the RENT COMP (a few blocks away) in the SUPPLEMENTS attached. Please note the 2 bedroom 2 baths are fetching $1,970 rents monthly!!! This complex really performs! Please look at the ANNUAL PROPERTY OPERATING DATA statement, in the SUPPLEMENTS attached, At market rents we're putting out an astounding $70,920 annual gross income, an 8.81 Gross Rent Multiplier, a rarely seen 9.80% Cap Rate, and a robust 21.78% Cash on Cash. Please note we are priced way below the market. In the SUPPLEMENTS attached, there's a nearby triplex sales comp, with an inferior (one 2 bedrooms 1 bath's, and two 1 bedroom's 1 bath's), that recently sold for $650,000. We're three 2 bedrooms 2 baths, and we're asking only $625,000!!! It is very rare to find a triplex in the Inland Empire, with 2 bedrooms 2 baths, for under $700,000. Normally one would have to go out to the for outskirts of the I
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prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a
brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which
they are derived is protected by copyright. Compilation © 2022 San Diego MLS. Updated: 29th September, 2023 10:02 PM (UTC)
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of
an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a
brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which
they are derived is protected by copyright. Compilation © 2022 San Diego MLS. Updated: 29th September, 2023 10:02 PM (UTC)
Listing Office: Burton Commercial, Inc.