$1,500,000
1701 E Fairfield Court Ontario, CA 91761
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Listed by Natasha Gwilt • eXp Realty of California Inc
$1,500,000
Est. payment /mo
4,269 SqFt
UPDATED:
10/23/2024 09:44 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,269 sqft
Price per Sqft $351
MLS Listing ID CRSB24142846
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1980
Lot Size 0.325 Acres
Property Description
Presenting a well-maintained two-story quadruplex with an impressive 5.45% cap rate, offering significant income upside and an opportunity to push the cap rate to over 6% within a year. This fully occupied property features four spacious units: one 3-bedroom, 2-bath and 2 car garage unit, and three 2-bedroom, 1.5-bath and 1 car garage units. Three of the units have been upgraded. Each unit is equipped with central air and heat, ensuring year-round comfort for tenants. All units are currently occupied, with one lease secured until July 2025 and the remaining units on a month-to-month basis to provide maximum flexibility for the new owner. Each unit has separate electric and gas meters, its own garage, and laundry hookups. The owner has provided a washer, dryer, and refrigerator in three of the units, which will convey to the buyer. Tenants can enjoy outdoor spaces with either a patio, balcony, or small yard. Ideally situated close to schools, major freeways, shopping centers, restaurants, and more, this property offers convenience and accessibility for all tenants. This is a rare opportunity for investors to acquire a stable, income-producing property with the potential for increased rents and other income through garage rents or RUBS implementation for water, sewer, and trash. Do
Location
State CA
County San Bernardino
Interior
Heating Forced Air, Central
Cooling Central Air
Fireplace No
Laundry In Garage
Exterior
View Other
Parking Type Other, Garage Faces Side
Building
Water Public
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