Highlights; Actual CAP Rate of 6.63 % With a Pro Forma CAP Rate of 7.15 %, Competitive Offering GRM of 9.42 With a ProForma GRM of 8.96, Non-Rent Control Community & Area, With Long Term Tenants, Great Onsite Manager Preforms All Management Duties for $100 a Month, 5-7% Upside in Potential Rental Income per Rental Survey, The Apartment is 100 % Occupied & Rental Comparables Illustrate a 100 % Occupancy Area, Major Distribution Area With Large Regional Employers Such as; Stater Bros, Pep Boys, & Mattell Inc., Cottage Style, SFR Units With No Common WallsThis multifamily asset is composed of 5 single story cottage style homes sharing one lot. The property features 2 one bedroom / one bathroom units, 2 two bedroom / one bathroom units and 1 three bedroom / two bathroom single family residence. All units are currently rented with long term tenants. The property is situated on a corner lot which totals 0.39 acres. The tenants are provided ample onsite parking, RV parking, storage, in suite laundry hookups and private fenced yards. The city of San Bernardino has been among the most vibrant in recovery from the recession. Increased occupancy & stabilization have led to an Increase in values & rents. The Property is a turn key asset located in a 95 % occupancy ar
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