Property Details
12669 Serrano Dr.
Yucaipa, CA 92399
- Price
- $685,000
- GRM
- 13.32
- GSI
- $51,420
- NOI
- $36,247
- CAP Rate
- 5.29
- Units
- 3
- Price/unit
- $228,333
- Square Footage
- 3,600
- Price/sqft
- $190
- Lot Size (sqft)
- 22,000
- Year Built
- 1977
Property Description
Great opportunity to acquire a stabilized rental income stream. A total of 3 homes on one lot with very low operating expenses. Tenants individually pay for electric, gas and trash. Owner pays for water and septic pumping, which average about $1,480 total per year.
All three homes have brand new windows, paint, garage doors and HVAC units. 2 of the 3 homes have been completely remodeled with new kitchens, granite counter tops, custom cabinets, commercial flooring and tile and new bathrooms. Opportunity to raise rents and achieve a much greater return on investment. Property runs very lean on expenses ± 27-28% of gross income when self managing.
Unit Composition
Qty | Bedrooms | Bathrooms |
---|---|---|
3 | 2 Bedroom | 1.5 Bath |