5098-5150 N 3rd Ave - Apartments FOR SALE
San Bernardino, CA 92407 |
5098-5150 N 3rd Ave
San Bernardino, CA 92407
HIGHLIGHTS
- Located 1.5 Miles (5 Minutes) from The California State University of San Bernardino. North of the 210 Freeway, Residential Neighborhood.
- Impressive In-place CAP Rate of 5.91% With a ProForma CAP Rate of 6.91%. Majority government (section 8) tenants.
- Current GRM of 10.68 With a ProForma GRM of 9.46 / Markets Rents& Stable Collection Throughout Pandemic. Onsite Management In-place.
- Emerging Industry, Coupled With The Creation of New Jobs in San Bernardino Has Contributed to a High Demand For Housing.
- Property Repairs Completed on a Scheduled Basis Throughout Ownership Without Deferring. / Owner Pay Water & Trash
- Potential To Implement Additional Onsite Laundry With Owner Supplied Machines to Increase Passive Cash-flow. / Gated entry, covered parking.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
25872
STORIES
2
YEAR BUILT
1985
PARKING SPACES
50
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
0265-111-17,0265-111-18
