258 E Bryant St San Bernardino, CA 92408

Located in downtown San Bernardino, this property features two fourplexes, each on its own parcel, offering a rare opportunity to purchase eight units with residential financing. This allows for a lower down payment and a reduced interest rate compared to typical 5+ unit financing, with potential for FHA financing. Each tenant benefits from their own carport, a significant advantage over competing apartments in the area. The property is also gate-ready, with an existing chain link gate that can be replaced. The current rents are estimated to be 26% below market rents, translating into a potential 26% increase in rental revenue. There is potential to add ADUs in the front, back, and/or parking area, which would further increase the ROI. The property is located within a designated Opportunity Zone, offering potential investors favorable tax incentives. The property's location offers easy access to major transportation routes, such as Interstate 215 and the Metrolink commuter rail system. The neighborhood around the property features a mix of residential, commercial, and entertainment establishments, with local shops, restaurants, and cafes within walking distance. San Bernardino is home to several educational institutions, including California State University, San Bernardino, which is a short drive away from the property. The property size is 6480 square feet.