Unbelievable opportunity for astute investor. Seller looking for all cash offers, however they may consider a short term 2nd with a strong buyer. A triplex with 3 homes on one 5 acre lot, priced so that you can live in one for free, while the other 2 homes pays for you!!! Don't want to live there, no problem, spin off cash instead! Located near the center of town off of Hwy 18. There is over 3,500 Sq Ft in the 3 homes. The main house (unit A) is approx 1,300 sq ft. 3 bedroom + 2 baths, (There is currently a unlawful detainer action filed with unit A. It should bring in an additional $1,800 per month), with the other 2 homes approx 1,152sq ft 3+2 (unit B) and 1,054 sq ft 3+1 (unit C), respectively. There is even an abandoned swimming pool on the property that could probably be salvaged and restored. Properties are in C- condition and needs TLC but where else can you find a deal like this. Buy these 3 houses (called a triplex by the banks) and live in one and rent out the other 2 !! The rent on the 2 houses almost pays for everything so you only pay approx $200 per month. Act fast. Asking $425,000 for all 3 SEPARATE houses. Water well on property, 2 of the homes are hooked up to city gas, third has propane tank. There is a tremendous amount of potential and possibilities here! It's currently generating approx $2,250 per month in RENTAL INCOME, with plenty of upside potential. There are not many multi unit residences around, so take advantage of this once in a lifetime opportunity. Priced well below market, Motivated seller says make me an offer! Do not contact tenants, drive by only!
Property Type :
Residential Income
County :
San Bernardino
Style :
Residential Income
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ByOwner last updated this listing 05/20/2024 @ 18:58
MLS: 24346459
LISTED BY: Lou Woolf, Rodeo Realty
SOURCE: CRMLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
