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8 Units (2 Fourplexes) 258 E Bryant St 8 Unit Apartment Building $2,442,860 CAD ($305,358 CAD/Unit) 5.65% Cap Rate San Bernardino, CA 92408
INVESTMENT HIGHLIGHTS
- 26% increase in rental revenue potential
- Located within a designated Opportunity Zone
- Each tenant has their own carport, which is a huge advantage over competing apartments in the area.
- (2) Four-Plexes obtain residential financing (lower down payment)
- Potentially add ADUs in the front or back
EXECUTIVE SUMMARY
This is a rare opportunity to purchase eight units with residential financing, as each four-plex is on its own parcel. This allows for a lower down payment and a reduced interest rate compared to typical 5+ unit financing. Also, potential for FHA financing which is very attractive financing with a low down payment.
We estimate the current rents are 26% below market rents. This translates into a potential 26% increase in rental revenue!
Located within a designated Opportunity Zone, offering potential investors favorable tax incentives including tax-deferred and tax-free capital gain treatment when structured through a Qualified Opportunity Fund.
We estimate the current rents are 26% below market rents. This translates into a potential 26% increase in rental revenue!
Located within a designated Opportunity Zone, offering potential investors favorable tax incentives including tax-deferred and tax-free capital gain treatment when structured through a Qualified Opportunity Fund.
PROPERTY FACTS
| Price | $2,442,860 CAD | Building Class | C |
| Price Per Unit | $305,358 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,240 SF |
| Cap Rate | 5.65% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.35 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1984 |
| Property Type | Multifamily | Parking Ratio | 3.09/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RV-1, San Bernardino - RV-1, San Bernardino | ||
| Price | $2,442,860 CAD |
| Price Per Unit | $305,358 CAD |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Gross Rent Multiplier | 13.35 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,240 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 3.09/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RV-1, San Bernardino - RV-1, San Bernardino |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 810 |
1 1
PROPERTY TAXES
| Parcel Number | 0135-251-27 | Improvements Assessment | $520,047 CAD |
| Land Assessment | $81,005 CAD | Total Assessment | $601,052 CAD |
PROPERTY TAXES
Parcel Number
0135-251-27
Land Assessment
$81,005 CAD
Improvements Assessment
$520,047 CAD
Total Assessment
$601,052 CAD
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8 Units (2 Fourplexes) | 258 E Bryant St
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