Description
This great value add opportunity is situated close to the redeveloping area of downtown San Bernardino. This (5) Five Unit complex is comprised of two buildings with a (3) Three (1) and (1) One Bedroom and (1) Bath; (1) Two-bedroom, (1) Bath with enclosed porch, and (1) Studio unit. The property has tremendous rental upside. Additionally, the property is individually metered for gas and electricity.The property features four (4) surface parking spaces, two garages, original bath tiles, and hard surface counters, with tile and carpet flooring throughout the units. The two garages are perfect candidates for a savvy investor to add a couple of additional units to this property by converting them into Accessory Dwelling Units (ADU). The increased interest rates and shortage of affordable housing are fueling the demand, growth, and necessity for rental units in this submarket. With this rate buying opportunity, you can immediately renovate the two (2) units; explore ADU conversations, and enjoy the healthy rental income that owning multifamily units with upside potential provide.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This great value add opportunity is situated close to the redeveloping area of downtown San Bernardino. This (5) Five Unit complex is comprised of two buildings with a (3) Three (1) and (1) One Bedroom and (1) Bath; (1) Two-bedroom, (1) Bath with enclosed porch, and (1) Studio unit. The property has tremendous rental upside. Additionally, the property is individually metered for gas and electricity.The property features four (4) surface parking spaces, two garages, original bath tiles, and hard surface counters, with tile and carpet flooring throughout the units. The two garages are perfect candidates for a savvy investor to add a couple of additional units to this property by converting them into Accessory Dwelling Units (ADU). The increased interest rates and shortage of affordable housing are fueling the demand, growth, and necessity for rental units in this submarket. With this rate buying opportunity, you can immediately renovate the two (2) units; explore ADU conversations, and enjoy the healthy rental income that owning multifamily units with upside potential provide.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-25T19:34:48.887. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.