860 E 2nd Street
San Bernardino,
CA
92408
Property Details
| List Price: |
$1,400,000 |
| Beds: |
12 |
| Baths: |
6 |
| Status: |
Active |
SqFt: |
4488 |
| Agency: |
Dream Home Estates |
Description/Comments
| Lot Size: |
12,750 sqft |
| Property Type: |
MultiFamily |
| Year Built: |
1989 |
| Notes: |
CASH COW! Introducing an Exceptional Investment Opportunity nestled in the heart of the thriving city of San Bernardino, this 6-unit apartment building presents a lucrative venture for discerning investors. Boasting a remarkable gross annual income of $145,620, this property is a testament to stability and potential growth.<br />
<br />
The complex features six spacious 2-bedroom, 1-bathroom units, each approximately 700 square feet. With a track record of mostly long-term tenants, this investment is already a reliable cash cow. Furthermore, the potential for rent increases and the possibility of upgrades &/or expansion add an enticing layer of upside opportunity.<br />
<br />
One of the key highlights is the property's approval for Section 8 housing, ensuring consistent income streams and a secure investment environment. The units are low-maintenance, making it an ideal option for investors seeking a hassle-free portfolio addition.<br />
<br />
Convenience is paramount, with the property strategically located for easy access to the 10 Freeway and 215 Freeway. The proximity to schools, shopping centers, and a burgeoning commercial and industrial area, including major Distribution Centers, enhances the property's appeal.<br />
<br />
The surrounding area is experiencing rapid development, with the nearby city of San Bernardino poised for significant growth. The ambitious Las Vegas speed rail project, a $12 billion initiative, adds a layer of excitement and potential value appreciation to this investment. San Bernardino International Airport is witnessing an expansion in passenger flights, further underlining the area's economic vitality. Investors looking for an opportunity in a dynamic location with a promising future need not look any further.<br />
<br />
Seize this chance to capitalize on a fully occupied, Section 8-approved, low-maintenance property in the midst of San Bernardino's growth trajectory. This is more than an investment; it's a strategic move towards long-term success in one of Southern California's most promising real estate markets. |
| MlsNumber: |
OC24007969 |
Estimate Your Monthly Payment
| Listing Provided By: |
Dream Home Estates, original listing |
| Name: |
Dream Home Estates |
| Phone: |
(949) 415-4646 |
| Office Name: |
Dream Home Estates, Inc. |
| Office Phone: |
(949) 415-4646 |
| Agent Name: |
David Prewitt |
| Disclaimer: |
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
