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$ 1,950,000
Est. payment | /mo
4 Beds
4 Baths
0.39 Acres Lot
$ 1,950,000
Est. payment | /mo
4 Beds
4 Baths
0.39 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25085084
Bedrooms 4
HOA Y/N No
Lot Size 0.390 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Pleased to present 1245 N Mount Vernon Avenue, an 11-unit multifamily property in Colton, CA. The property offers strong cash flow, with an actual cap rate of 5.71% and a proforma cap rate of 6.41%. The owner covers water, sewer, and trash, while tenants pay for gas and electricity. Extensive interior and exterior renovations have been completed, ensuring a seamless transition for the next owner. Well-Maintained & Fully Occupied Minimal Management Required On-Site & Street Parking Additional Income from Laundry ADU Potential Opportunity to add two ADUs (buyer to verify with the city) Low Operating Expenses Prime Location Ideally situated right off the 10 Freeway, with a quiet residential neighborhood on one side and major shopping centers on the other. Close to San Bernardino Valley College, Costco, Walmart, and Arrowhead Regional Medical Center, ensuring strong rental demand.
Pleased to present 1245 N Mount Vernon Avenue, an 11-unit multifamily property in Colton, CA. The property offers strong cash flow, with an actual cap rate of 5.71% and a proforma cap rate of 6.41%. The owner covers water, sewer, and trash, while tenants pay for gas and electricity. Extensive interior and exterior renovations have been completed, ensuring a seamless transition for the next owner. Well-Maintained & Fully Occupied Minimal Management Required On-Site & Street Parking Additional Income from Laundry ADU Potential Opportunity to add two ADUs (buyer to verify with the city) Low Operating Expenses Prime Location Ideally situated right off the 10 Freeway, with a quiet residential neighborhood on one side and major shopping centers on the other. Close to San Bernardino Valley College, Costco, Walmart, and Arrowhead Regional Medical Center, ensuring strong rental demand.
Pleased to present 1245 N Mount Vernon Avenue, an 11-unit multifamily property in Colton, CA. The property offers strong cash flow, with an actual cap rate of 5.71% and a proforma cap rate of 6.41%. The owner covers water, sewer, and trash, while tenants pay for gas and electricity. Extensive interior and exterior renovations have been completed, ensuring a seamless transition for the next owner. Well-Maintained & Fully Occupied Minimal Management Required On-Site & Street Parking Additional Income from Laundry ADU Potential Opportunity to add two ADUs (buyer to verify with the city) Low Operating Expenses Prime Location Ideally situated right off the 10 Freeway, with a quiet residential neighborhood on one side and major shopping centers on the other. Close to San Bernardino Valley College, Costco, Walmart, and Arrowhead Regional Medical Center, ensuring strong rental demand.
Location
State CA
County San Bernardino
Area Riv Cty-Colton (92324)
Zoning Public Rec
Building
Lot Description Sidewalks
Story 1
Lot Size Range .25 to .5 AC
Others
Monthly Total Fees $283
Acceptable Financing Conventional
Space Rent $2,000
Listing Terms Conventional
Listed by William Melton • PAEZ REALTY COMPANY
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