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141 East 42nd Street
What's Special
Subject 20 Units | North San Bernardino | New Windows | Repiped 2020 | Resurfaced Lot <p>• 20 units | 12 one-bedroom and 8 two-bedroom units</p><p>• Offered at $3,795,000 | $189,750 per unit</p><p>• Current cap rate 6.01% | Pro forma 7.86%</p><p>• State allowable increase of 8.2% (5% plus CPI) not yet issued</p><p>• $73,500 gross rent upside to market rents</p><p>• Onsite laundry generating $2,880 in additional income annually</p><p>• Gated secured parking | 19 carport and 4 open spaces</p><p>• Capital improvements: repipe 2020, windows 2023, parking lot 2023, paint 2022,
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