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Key Details
Sold Price $762,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR14029058
Sold Date 06/02/14
HOA Y/N No
Year Built 1940
Tax Year 2012
Lot Size 1.090 Acres
Property Description
Great income property. 8 residential units and 2 commercial units. There are 7 studio "efficiency" apartments, 1, 3 bed unit, a commercial building of about 1,200 sq. ft. housing a computer store and a metal building of about 2,400 sq. ft.
The property is in good shape. The apartments have new windows
The property brings in a total of $8,475 / mo. and is 100% occupied. The rents are at a level that allows the property to remain well leased
the 1.09 acre lot is not full utilized. The rear area has 3 containers on it and some excess area.
Considering the expenses of +/- $2,926 per month .. the property will give an 8.6 return at the asking price
Location
State CA
County San Bernardino
Area 265 - Bloomington
Interior
Fireplace No
Exterior
Pool None
Community Features Valley
Utilities Available Sewer Connected
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story One
Entry Level One
Water Public
Level or Stories One
Others
Tax ID 0252091300000
Energy Description 2134.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with ERNEST OCHOA • RE/MAX TIME REALTY
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