1390 Riverside Drive, Barstow, CA 92311
- $329,000
- List Price
- $329,000
- Status
- ACTIVE
- MLS#
- CV26129572
- Year Built
- 1957
- Lot Size
- 16,650
- Acres
- 0.38
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 34
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
Property 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 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.
Additional Information
- Appliances
- Gas Range, Refrigerator
- Pool Description
- None
- Fireplace Description
- Bath, Dining Room
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Evaporative Cooling
- View
- Mountain(s)
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Laminate Counters, All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Terrance McMillan (Terrancehomes@outlook.com) from Listing Office: Coldwell Banker Envision.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.