1390 Riverside DriveBarstow, CA 92311

Description

Huge Price Adjustment! 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 out 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 agreement and the 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. The property is conveniently located within a short driving distance of a Super Walmart and the Barstow Outlets which consist of stores such as Columbia Factory, Levi's Outlet Store, Skechers, Lacoste Polo, Claire's Coach, Nike Factory, Adidas, Bath and Body, Kate Spade, Guess Factory, Old Navy, El Pollo Loco, In N Out Burger, Chili's Grill, and IHOP. 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.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1957

Stories

1

Building area

1,816 Sq Ft

Lot size

0.38 acres

Days on market

94

MLS^® Listing#

CV26129572

Property Features

Interior

Ceiling Fan(s) · Laminate Counters

Appliances

Gas Range · Refrigerator

Cooling

Evaporative Cooling

Heating

Wall Furnace

Flooring

Carpet · Tile · Vinyl

Fireplace

Bath · Dining Room

Pool

None

Parking

Unpaved

Laundry

None

Fencing

Chain Link

Roof

Shingle

Utilities

Cable Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

0181562040000

Directions

Riverside Dr and Main St