221 E 19th Street
100% Vacant 4-Unit Townhomes
Marketing description
Marcus & Millichap is pleased to present 221 E 19th Street, a 4 unit multifamily property in San Bernardino offering a rare opportunity for a new owner to immediately lease units at market rents with all four units delivered vacant at close of escrow.
The property consists entirely of two bedroom, two bathroom, two story townhouse style units designed to provide a more residential living experience than traditional apartment product. Each unit features a private backyard patio, central air conditioning, washer and dryer hookups, and dedicated carport parking. The property is separately metered for gas and electricity, helping keep owner utility expenses low.
The townhouse layouts and private outdoor space create strong tenant appeal and provide a competitive advantage compared to many nearby apartment properties. With all units vacant, a new owner has the ability to establish market rents from day one without inheriting below market leases.
Located in San Bernardino, the property offers convenient access to the 215 and 210 freeways along with nearby shopping, schools, and major employment centers throughout the Inland Empire. The ability to immediately establish market rents, combined with reduced owner utility responsibilities, creates an opportunity to increase income from day one while building long term value.
Investment highlights
ALL (4) UNITS DELIVERED 100% VACANT AT CLOSE OF ESCROW: Immediate value-add opportunity with no existing tenant restrictions.
DESIRABLE UNIT MIX CONSISTING ENTIRELY OF (4) TWO BEDROOM / TWO BATHROOM TOWNHOUSE STYLE UNITS: Four spacious 2 Bed / 2 Bath townhouse-style residences.
PRIVATE BACKYARD PATIOS FOR EACH UNIT: Each unit includes its own private outdoor space.
CENTRAL AIR CONDITIONING IN ALL UNITS: All units feature central heating and air conditioning.
SEPARATELY METERED FOR GAS AND ELECTRICITY: Tenants pay their own gas and electricity.
LOCATED NEAR SHOPPING, SCHOOLS, AND MAJOR INLAND EMPIRE EMPLOYMENT
CENTERS: Close to shopping, schools, healthcare, and employment centers.
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