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1327 Pennsylvania AVE Colton, CA 92324
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Key Details
Sold Price $1,540,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID EV14224040
Year Built 1964
Annual Tax Amount $1,106
Tax Year 2013
Lot Size 1.526 Acres
Property Description
What a golden goose! Current CAP 6.22%, Pro Forma 6.97%! Located in an excellent, convenient location in a "bedroom community", the property is in close proximity to Ontario, Fontana, Rialto, Bloomington, Loma Linda, Redlands, San Bernardino, Grand Terrace, Riverside, Moreno Valley, a center serving these cities. Investors will find this complex of three 4-plex buildings are easy to rent, easy to manage, lower cost to maintain and higher return for investment. Three buildings, three seperate parcels. Stable, quality tenants profile. Good mix of the units and large sizes of each unit type, attractive for family renters. Water-saving desert garden with wrought iron fence and gates around the buildings, appealing and practical. Since the purchase over 40 years ago, these three buildings are finally ready to change hands. 100% OCCUPIED with durable lease terms.
The properties sold "as it is" in their current condition. Buyer and buyer's agent satisfy themselves for any and all things they want to know.
FULLY OCCUPIED! DO NOT DISTURB TENANTS! DO NOT TALK WITH THE TENANTS! TENANTS DO NOT KNOW THE INTENDED SALE TILL IT IS RIGHT TIME!
Rare investment opportunity. This deal will not last long!
Location
State CA
County San Bernardino
Area 273 - Colton
Rooms
Other Rooms Storage
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type Gas, Living Room
Laundry Laundry Room
Exterior
Parking Features Assigned, Controlled Entrance, Covered, Carport, Storage
Pool None
Community Features Curbs
Utilities Available Sewer Connected
Building
Lot Description 11-15 Units/Acre
Story 1
Water Public
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML