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Listed by Tony Burton • Burton Commercial, Inc.
$1,075,000
Est. payment /mo
3,635 SqFt
Active
12250 Bryant Street Yucaipa, CA 92399
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UPDATED:
12/10/2024 12:26 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,635 sqft
Price per Sqft $295
MLS Listing ID SW-24174550
Year Built 1973
Lot Size 9,375 Sqft
Property Description
This is a nice 4Plex in the beautiful area of Yucaipa. Yucaipa is known as one of the nicest areas of the Inland Empire with low crime and a high pride of ownership. WE WENT INTO ESCROW FOR 60 DAYS ON FIRST DAY OF MARKETING BUT BUYER COULDN'T PERFORM!! OWNER WILL CARRY WITH 35%-40% DOWN! CALL FOR DETAILS! These units consist of four 2 bedrooms, 2 baths, and each unit has it's own 1 car garage. 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, we're putting out $114,240 annual gross income, a 9.05 Gross Rent Multiplier, a 9.05% Cap Rate, and a robust double digit 19.20% Cash on Cash!! For all income, expense, and return information, please see Marketing Package attached. ACTUAL RENTS ARE LOW BUT THEY ARE MONTH TO MONTH. TENANT'S CAN CONSENT TO PAYING MARKET RENTS. RECENT YUCAIPA 4PLEX SALE COMP!! A 4Plex, a few blocks away at 35162 Avenue E, SOLD FOR $1,150,000!!! It consisted of: Two 1 beds, 1 baths, Two 3 beds, 2 baths, We are a superior bed/bath mix of four 2 beds 2 baths, AND WE ARE ASKING $75,000 LESS!!! SEE THIS SALE COMP & ALL FINANCIALS IN SUPPLEMENTS ATTACHED !!!
Location
State CA
County San Bernardino
Interior
Laundry In Garage
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Street Lights, Suburban
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
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