35162 Ave E, Yucaipa, CA 92399

Property Description

This offering is a rarity. FOUR SEPARATE HOUSES ONE ONE LOT!!! The houses are: Two houses that are 3 bedrooms, 2 baths. One house that's 2 bedroom, 1 bath One house that's 1 bedroom, 1 bath. The 3 bed 2 bath houses have 2 car garages each. The other two units are space parking. The two 3 bedroom 2 bath houses were built in 2007. The 2 bedroom 1 bath house, and the 1 bedroom 1 bath house, were totally updated in 1989. 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, it puts out $110,000 annually, a 10.45 Gross Rent Multiplier, an 8.04% Cap Rate, and a stunning double digit 12.93% Cash on Cash Return! You can view the income, expenses, and returns in the Marketing Package attached in Supplements. Also, in the Marketing Package attached, please see a very similar Sale Comp. We have a nearby sale, 4 units, with similar beds/beds/square footage, at 12690 7th Street in Yucaipa that sold on 10/13/23 for $1,365,000!!! WE WILL LOOK AT ALL OFFERS AND LETTERS OF INTENT. PLEASE DON'T HESITATE TO SEND OUT EITHER AND WE WILL RESPOND!! YOU CAN SIMPLY EMAIL A LETTER OF INTENT IF YOU'D LIKE AND THAT ONLY TAKES MINUTES! THANK YOU.