Listed by Acreage Real Estate
$1,300,000
Mixed Use | 1 Liquor Store & 2 Apartments Unit
Details
APN 0139-072-24-0000
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 3,297
Units 3
Cap Rate 4.46%
NOI $58,020
Pro-Forma Cap Rate 7.13%
Pro-Forma NOI $92,700
Year Built 1930
Buildings 1
Stories 1
Lot Size (SqFt) 5,940
Zoning CG-1, San Bernardino
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.82
Investment Type Owner/User
Ground Lease No
Retail | 4.46% CAP | 3,297 SqFt
Marketing description
Acreage Real Estate is pleased to present the exclusive opportunity to acquire the mixed-use property comprised of 3 units, including one (1) retail unit occupied by a liquor store and two (2) apartment units of 2 BD/1BA each, ideally located near the intersection of Base Line St. & Mt. Vernon Ave. With excellent proximity to shopping centers and eateries directly across the street, and more within walking distance, this property will continue to attract future Tenants and ensure a continuous flow of rental income for the future Owner.
Investment highlights
- Excellent Freeway Accessibility - only 3/4 mile to the I-215 Fwy and about 1.5 miles to the 210 Fwy.
- Convenient Living - walking distance to Shopping Centers, Charter school, and eateries nearby.
- Mixed-use - one (1) retail unit occupied by a long-term liquor store tenant, and two (2) apartment units generating a total of $80,400 annual rental income.
- Expense pass-throughs - Tenants pay their own utilities and maintain the grounds.
- Low Landlord responsibility - Landlord only pays property tax, property insurance, water/sewer/trash.
- Added amenity - Secure gated parking for Tenants.
Listing Contacts
Listed by Acreage Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,020.00
$4,835.00/mo
Valuation Metrics
0
DSCR
4.46%
Cap Rate
4.46%
ROI
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