1277 N Mountain View Ave San Bernardino, CA 92405

Agent Remarks: Nice opportunity to own 8 income producing homes. Current GRM=12, Current CAP Rate=5.25: Possiable Pro-Forma GRM only 10.7! with a Possible Pro-Forma CAP Rate of 6.5%. The 8 homes have been well maintained with the seller recently investing approximately $40,000 for renovations, upgrades & plumbing. Each features one bedroom and one bath. The homes are set on a large 10481 SQFT. rectangular shaped lot that runs a full block from East to West. The homes share a court yard walkway running the length through the middle of the lot with each home having an additional side yard leisure area. The property is just one block North from Baseline Ave. providing an easy walk to all services and so many family style Restaurants. Directly across the street is Lincoln Elementary school with large grounds. A Central community laundry house is between one of the Northside homes. Nice size front and back yards, one on the Mountain View West side & also a good size and shady yard on the Genevieve St. side where the mailboxes are located. Each home has its own locking mailbox at the Genevieve St. entrance to the complex. Any and all cars are to be parked on the street. The property is professionally managed with a very good manager and has been the management over this property for many years. The Maintenance: "expense line item" is estimated due to Aprox. $40,000 being invested into the property by the sellers over the last 3 1/2 years. Thank you for considering this solid investment opportunity!

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