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$1,075,000
Est. payment /mo
9,374 Sqft Lot
UPDATED:
12/29/2024 01:15 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW24174550
HOA Y/N No
Year Built 1973
Lot Size 9,374 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 !!!
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
Area 269 - Yucaipa/Calimesa/Oak Glen
Interior
Fireplace No
Laundry In Garage
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Suburban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 0319083140000
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Special Listing Condition Standard
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Listed by Tony Burton • Burton Commercial, Inc. • 951-375-7433