Description
DRIVE BY ONLY. DO NOT DISTURB TENANTS. We are pleased to exclusively present a twelve-unit, single story multifamily investment property located in the City of Fontana, California. This offering presents qualified investors the opportunity to acquire a value-add asset in one of the most desirable rental markets in the Inland Empire. The subject property consists of expansive, two- and three- bedroom units ranging in size from 825 1,100 square feet of living space with improvements under current ownership that include: tile flooring, dual pane windows, kitchens, asphalt/slurry, and A/C. Units are individually metered for gas & electricity with individual water heaters and presents tenants with an on-site laundry room (machines leased). Located off Foothill Boulevard, the offering benefits from its convenient access to retail, entertainment, schools, medical offices, parks & freeways-- all within reach. Furthermore, proximity to Interstates 10, 15, and 210 freeways grants tenants access to surrounding employment hubs throughout the Inland Empire-- as well as Los Angeles & Orange County regions. The strong demand for rentals in the area is evidenced by its historical 100% occupancy as it caters to families & working professionals alike. With significant upside potential and growing demand for this submarket, the offering presents the astute investor the opportunity to acquire an appreciating, cash flowing asset with additional upside through proactive management to capture 51.98% upside in rents achievable at the property. DRIVE BY ONLY. DO NOT DISTURB TENANTS. We are pleased to exclusively present a twelve-unit, single story multifamily investment property located in the City of Fontana, California. This offering presents qualified investors the opportunity to acquire a value-add asset in one of the most desirable rental markets in the Inland Empire. The subject property consists of expansive, two- and three- bedroom units ranging in size from 825 1,100 square feet of living space with improvements under current ownership that include: tile flooring, dual pane windows, kitchens, asphalt/slurry, and A/C. Units are individually metered for gas & electricity with individual water heaters and presents tenants with an on-site laundry room (machines leased). Located off Foothill Boulevard, the offering benefits from its convenient access to retail, entertainment, schools, medical offices, parks & freeways-- all within reach. Furthermore, proximity to Interstates 10, 15, and 210 freeways grants tenants access to surrounding employment hubs throughout the Inland Empire-- as well as Los Angeles & Orange County regions. The strong demand for rentals in the area is evidenced by its historical 100% occupancy as it caters to families & working professionals alike. With significant upside potential and growing demand for this submarket, the offering presents the astute investor the opportunity to acquire an appreciating, cash flowing asset with additional upside through proactive management to capture 51.98% upside in rents achievable at the property.
-
9BEDS
-
1.12ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
DRIVE BY ONLY. DO NOT DISTURB TENANTS. We are pleased to exclusively present a twelve-unit, single story multifamily investment property located in the City of Fontana, California. This offering presents qualified investors the opportunity to acquire a value-add asset in one of the most desirable rental markets in the Inland Empire. The subject property consists of expansive, two- and three- bedroom units ranging in size from 825 1,100 square feet of living space with improvements under current ownership that include: tile flooring, dual pane windows, kitchens, asphalt/slurry, and A/C. Units are individually metered for gas & electricity with individual water heaters and presents tenants with an on-site laundry room (machines leased). Located off Foothill Boulevard, the offering benefits from its convenient access to retail, entertainment, schools, medical offices, parks & freeways-- all within reach. Furthermore, proximity to Interstates 10, 15, and 210 freeways grants tenants access to surrounding employment hubs throughout the Inland Empire-- as well as Los Angeles & Orange County regions. The strong demand for rentals in the area is evidenced by its historical 100% occupancy as it caters to families & working professionals alike. With significant upside potential and growing demand for this submarket, the offering presents the astute investor the opportunity to acquire an appreciating, cash flowing asset with additional upside through proactive management to capture 51.98% upside in rents achievable at the property. DRIVE BY ONLY. DO NOT DISTURB TENANTS. We are pleased to exclusively present a twelve-unit, single story multifamily investment property located in the City of Fontana, California. This offering presents qualified investors the opportunity to acquire a value-add asset in one of the most desirable rental markets in the Inland Empire. The subject property consists of expansive, two- and three- bedroom units ranging in size from 825 1,100 square feet of living space with improvements under current ownership that include: tile flooring, dual pane windows, kitchens, asphalt/slurry, and A/C. Units are individually metered for gas & electricity with individual water heaters and presents tenants with an on-site laundry room (machines leased). Located off Foothill Boulevard, the offering benefits from its convenient access to retail, entertainment, schools, medical offices, parks & freeways-- all within reach. Furthermore, proximity to Interstates 10, 15, and 210 freeways grants tenants access to surrounding employment hubs throughout the Inland Empire-- as well as Los Angeles & Orange County regions. The strong demand for rentals in the area is evidenced by its historical 100% occupancy as it caters to families & working professionals alike. With significant upside potential and growing demand for this submarket, the offering presents the astute investor the opportunity to acquire an appreciating, cash flowing asset with additional upside through proactive management to capture 51.98% upside in rents achievable at the property.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
Listing provided courtesy of Realty One Group West: [IDXCONTACTINFORMATION].
Listing information © 2023 San Diego MLS Inc.
Source: CRMLS