Property Detail

Description

Great investment opportunity in the city of Barstow, this property features a 3-bedroom 1 bath home and two 1 bedroom 1 bath duplex in the back. Each unit has its own electric and gas meter. A well-located investment offering genuine upside for the buyer who wants to add value and grow income over time. All units are currently rented are lease below market value, the property gives a new owner a clear, executable path to stronger returns as rents are brought in line with the rents in the area. The tenants in the 1 bed/1bath unit are on a month to month lease and tenant in the 3 bedroom 1 unit house lease expires at the end of February. The property has plenty of parking space and the front property is fully gated. New windows (both units) and kitchen/bathroom flooring was recently installed in Unit #A of the duplex. Barstow is a city that is on the verge of an economic transformation. Detailed rent roll and pro forma available to qualified buyers upon request. The property includes on-site parking and low maintenance landscaping making it truly and desirable investment. Situated near the I-15 and I-40 freeways, Barstow is positioned to see huge economic growth with BNSF Railway's 1.5-billion-dollar Barstow International Gateway, a 4,500-acre integrated rail facility expected to create approximately 20,000 direct and indirect jobs. This property has a enough space for a possible ADU opportunity. What a great opportunity to invest in an area that is expected to experience great economic growth.