1390 Riverside Dr, Barstow, CA 92311

Property Description

Huge Price Adjustment! Great investment opportunity in the city of Barstow, this property features a 3-bedroom 1 bath home and two 1 bedroom 1 bath duplex in the back. Each unit has its own electric and gas meter. A well-located investment offering genuine upside for the buyer who wants to add value and grow income over time. All units are currently rented out below market value, the property gives a new owner a clear, executable path to stronger returns as rents are brought in line with the rents in the area. The tenants in the 1 bed/1bath unit are on a month to month agreement and the tenant in the 3 bedroom 1 unit house lease expires at the end of February. The property has plenty of parking space and the front property is fully gated. New windows (both units) and kitchen/bathroom flooring was recently installed in Unit #A of the duplex. Barstow is a city that is on the verge of an economic transformation. Detailed rent roll and pro forma available to qualified buyers upon request. The property includes on-site parking and low maintenance landscaping making it truly and desirable investment. The property is conveniently located within a short driving distance of a Super Walmart and the Barstow Outlets which consist of stores such as Columbia Factory, Levi's Outlet Store, Skechers, Lacoste Polo, Claire's Coach, Nike Factory, Adidas, Bath and Body, Kate Spade, Guess Factory, Old Navy, El Pollo Loco, In N Out Burger, Chili's Grill, and IHOP. Situated near the I-15 and I-40 freeways, Barstow is positioned to see huge economic growth with BNSF Railway's 1.5-billion-dollar Barstow International Gateway, a 4,500-acre integrated rail facility expected to create approximately 20,000 direct and indirect jobs. This property has a enough space for a possible ADU opportunity. What a great opportunity to invest in an area that is expected to experience great economic growth. Property recently appraised at a higher value, you are walking into instant equity.