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$ 2,990,000
Est. payment | /mo
2 Beds
$ 2,990,000
Est. payment | /mo
2 Beds
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25053103
Bedrooms 2
Property Sub-Type Res Income 2-4 Units
Property Description
The Fairfax Apartments located at 1721 N Fairfax Drive, San Bernardino, CA. 92404, this 16-unit apartment complex, built in 1963, spans 14,136 square feet on a 0.65-acre lot. The property consists of four two-story buildings, each containing four unitstwo on the ground floor and two on the upper level. Each unit consist of two bedrooms and one bathroom, with an average size of 884 square feet. Recent renovations have modernized the units, enhancing their appeal to tenants while reducing maintenance costs for ownership. The property boasts strong occupancy rates, ensuring stable cash flow and long-term investment potential. Its prime location near educational institutions, healthcare facilities, major shopping centers, and recreational areas further strengthens its desirability, attracting a broad tenant base and contributing to consistent demand and profitability. DRIVE BY ONLY - DO NOT DISTURB TENANTS
Location
State CA
County San Bernardino
Zoning Public Rec
Direction From I-215, take exit 46 for Highland Ave, head east, turn left on N Fairfax Dr.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 0147233070000
Acceptable Financing Conventional
Listing Terms Conventional
Listed by DARREN CORREA LE INVESTMENT GROUP