481 N. 9th St., Colton, CA 92324 - TR24092028 - iPro Real Estate

481 N. 9th St.
Colton, CA 92324

Active Contingent, Multi-Family/Income Sale

For Sale

$1,488,888 $99.25 per sqft

Free Professional CMA

Listing ID : TR24092028

  • Beds

    4
  • Lot Size

    15,002 Sqft

Description

Amazing Investment Opportunity on this Beautiful Garden Style Apartment Complex. It has a large Courtyard and sits on an extra large corner lot, Five Buildings total. One 2 story and Four single story apartment buildings. These units have great curb appeal with well maintained landscaping. All units have a one car garage. Most units have been updated fully with electrical, freshly painted and remodeled with new tile, laminated & wood floors. Remodeled kitchen & baths as well. Nine Units Total! Each one bedroom one bath unit is an extra large unit with approx 665 SF. Extra income with owned Laundry facilities on site. Total rental income: $8275/mo. (All Below Market Value at this time) Proforma Income $12,600/mo. Lots of parking. ADDITIONAL LOT INCLUDED IN SALE, located at 461 N. 9th St/APN #0162101070000. Extra lot holds 3600 sq ft with 4 garages & storage room(960 sq. ft.). 11 garages total. Potential for the 2 extra garages to produce income. New rental development across the Street. Great desirable Rental Area! Safe neighborhood with the Police Station 1 block away. Also, one block from up-and-coming downtown renovations and Fleming Park. These units remain FULLY OCCUPIED!

Details

Type: Multi-Family/Income Sale 
County: San Bernardino 
Tax ID: 0162101060000
Net Operating Income: $64,770 
Days on Market: 40 
Appliances: Range/Oven 
Number of Units: 9 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: Assessor 

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34.069641 -117.322426 $1,488,888 TR24092028
481 N. 9th St., Colton, CA 92324
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Listed by Robin Marquez with Coldwell Banker Top Team