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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Attribution contact: 951-682-1133
Listing Agent: SHARON BARNES
Listing Office: COLDWELL BANKER REALTY