Fully Upgraded 4-Unit Investment Opportunity with 7.126% Cap Rate
Exceptional turnkey four-plex offering strong cash flow and extensive recent upgrades, situated on a spacious 28,000+ SF lot in Muscoy, a safe North San Bernardino community with high tenant demand. The property consists of three spacious 2-bedroom/1-bath units and one large 3-bedroom/2-bath unit, all designed with functional layouts and modern open-floor-plan interiors that tenants love.
This asset has undergone significant capital improvements, including new electrical panels, four individual electrical meters, brand-new reroofing, and 13 newly installed split HVAC systems, with A/C units thoughtfully placed in individual rooms for enhanced comfort and energy efficiency. Durable tile flooring throughout minimizes future maintenance costs and supports long-term ownership stability.
Each unit features its own private front yard and fenced backyard, in-unit washer and dryer hookups, and ample on-site parking, amenities that strongly attract and retain quality tenants. Demand for these units is extremely strong; Unit #2 was recently rented within just three days of being listed, highlighting the property’s desirability and ease of leasing.
Current rents remain below market levels, presenting investors with clear upside potential through future rent adjustments. Tenants enjoy the fresh open layouts, abundant parking, private outdoor spaces, and modern HVAC comfort, making this a highly competitive rental offering in the area.
With a strong 7.126% cap rate, stabilized occupancy, and major system upgrades already completed, 2523 Ogden Street represents an outstanding low-maintenance investment opportunity with immediate income and long-term growth potential.