This is a really nice triplex!! It's located in one of the highest desired cities in Southern California, Rialto!!
It's location is just off of Foothill Blvd, just down the street from the 10 Freeway. It's located in a high pride of ownership neighborhood, consisting mainly of single family residences. This complex is within short walking distance to all shopping including grocery and drug stores. Also close to bus stop!
This complex consists of:
One 3 bedrooms, 2 baths, and,
Two 2 bedrooms, 1 bath's.
This mix is ideal because it attracts long term tenants.
This complex also has three 1 car garages!!
There's a fireplace in the front 3 bedroom unit!
While actual rents are low, they are all month to month. So they can be brought up to market rents through the Just Cause Rule or consent. For rent roll and rent comps, PLEASE SEE MARKETING PACKAGE ATTACHED.
This offering is really priced right!! While there were no recent sales in Rialto (no multi family owners sell here!), in the next city west, just a few miles away, there's a triplex sale in Fontana!. This sale comp is located at 16000 Dorsey Ave. It sold a few months ago for $820,000. It's inferior to us in that it's only three 2 bedroom's 1 bath's. In contrast, we are one 3 bedrooms 2 baths, and two 2 bedrooms 1 baths!! For details on this comp, PLEASE SEE MARKETING PACKAGE ATTACHED!
This triplex really performs! At market rents, it puts out:
$72,000 Annual Gross Income
A 10.63 Gross Rent Multiplier
A 8.16% Cap Rate
And a extremely robust double digit 13.56% Cash on Cash!!
FOR FINANCIAL DETAILS, PLEASE SEE MARKETING PACKAGE ATTACHED.
WE WILL LOOK AT AND RESPOND TO ALL OFFERS! FURTHER, WE GLADLY TAKE A VERBAL OFFER/LETTER OF INTENT SO IT SAVES YOU TIME FOR JUST ASKING IN SUBMITTING YOUR OFFER/PROPOSAL. If/when we get to a deal, we can then get to a formal written contract! Or, you can just submit a formal Offer!! Your choice!!