Colton, CA 92324,1327 Pennsylvania AVE
$1,540,000
Est.Price: ?

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1.53 Acres Lot

1327 Pennsylvania AVE Colton, CA 92324

Est. payment /mo
SOLD DATE : 12/29/2014

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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

Ensuite Laundry Laundry Room

Interior

Laundry Location Laundry Room

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type Gas, Living Room

Laundry Laundry Room

Exterior

Garage 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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California Regional MLS (CRMLS)
Listed by DORA WATERS • REDLANDS REAL ESTATE EXCHANGE
Bought with General NONMEMBER • NONMEMBER MRML

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