9
See all 9 photos
$625,000
Est. payment /mo
6 Beds
2 Baths
Active
1046 N La Cadena Drive Colton, CA 92324
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25187101
Bedrooms 6
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present an incredible opportunity to own a fully renovated 2-unit property in Coltonboth units will be delivered vacant at the close of escrow! Ideal for investors seeking immediate market rents or owner-users looking to live in one and rent the other. The property features (1) 3-Bed/1-Bath + Office and (1) 3-Bed/1-Bath unit, both upgraded with new flooring, renovated kitchens, updated bathrooms, and more. Situated on a spacious 7,500 sq. ft. gated lot, the property also features xeriscape landscaping for low-maintenance ownership. The large lot allots plenty of room for ADU(s) in the future (Buyer to verify with city authorities). Major capital improvements already completed: new roof, copper plumbing, upgraded electrical wiring, new water main line, and perimeter security gateallowing investors to focus on cash flow, not repairs. Utilities are separately metered for gas and electricity, further reducing ownership expenses. In unit laundry hookups available. With a projected 6.58% Cap Rate and 10.44 GRM at market rents, this is a rare chance to own a charming duplex with strong potential cash-flow in a high demand rental market.
Location
State CA
County San Bernardino
Zoning Assessor
Direction South of Olive Street. West of Mt Vernon Avenue
Interior
Heating Floor Furnace
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 0161191060000
Listed by Kristopher German RE/MAX 2000 REALTY