26675 Ward Street, Highland, CA 92346

$375,000 Approx. USD 0 beds, 0 baths
3,901 sqft

Agent Remarks

$25,000 Price reduction! Highlights; Competitive Offering CAP Rate of 6.01% With an Achievable Pro Forma CAP Rate of 6.70%, Competitive Offering GRM of 9.19 With a Pro Forma GRM of 8.93, Conservative 3%-5% Upside in Potential Rental Income Per Rental Survey, Rental Comparables Illustrate a 99 % Occupancy Area, Non-Rent Control Community & Area, Absolute Turn Key, Very Clean & Well Maintained, Financeable Asset. The Ward Street Fourplex is situated on a 7,723 Sq. Ft. Lot. The property is comprised of 4 large two bedroom two bathroom units. The property has been very well maintained throughout the years and reflects a pride of ownership. The City of Highland is among one of the fastest growing communities in the Inland empire. There are currently six developers working on large scale residential developments in the city. Increased occupancy and stabilization have lead to an increase in demand, which has resulted in higher rental prices and returns. Currently less than 20% of dwellings in Highland are designated for multifamily, this factor will continue to contribute to much higher demand for this type of housing in the future. The growth in the City of Highland make this multifamily asset an ideal investment opportunity.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# IV15248230
List price is $375,000 Reduced by $25,000 on 3/14/2016
Beds: 0
Baths: 0
Built in 1964
3,901 sqft
0.17 acres
Lot size: 7723.000
County: San Bernardino
Parking description: Garage - Rear Entry
MLS area: 276 - Highland

Last Updated: 10/12/2016

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This listing belongs to the 276 - Highland MLS area

Lat/Long: 34.109150, -117.222466.
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Broker: Courtesy of LE INVESTMENT GROUP
Listing Agent: ALBERT LE

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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