$735,000
$749,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
981 W C ST Colton, CA 92324
4,732 SqFt
Key Details
Sold Price $735,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,732 sqft
Price per Sqft $155
MLS Listing ID OC14184556
Sold Date 04/30/15
HOA Y/N No
Year Built 1964
Tax Year 2013
Lot Size 0.826 Acres
Acres 0.826
Property Description
GREAT INVESTMENT OPPORTUNITY IN A VERY WELL DESIRABLE RENTAL AREA OF COLTON. AN UP AND COMING COMMUNITY...
8 ONE BEDROOM ONE BATH UNITS WITH PRIVATE PATIOS WITH A TWO BEDROOM DETACHED HOUSE ON NEARLY AN ACRE LOT. PROPERTY HAS LOTS OF UPSIDES. NEWLY PAINTED AND MANY OF THE UNITS HAVE NEW TILE, LAMINATE & WOOD FLOORING. THIS PROPERTY IS CLOSE TO SCHOOLS, SHOPPING, CHURCHES AND FREEWAY ACCESS.
CURRENT RENTS AT $78,600.YEARLY EXPENSES AT $15,755. CAP RATE 8.4% *** PERFORMA: CAP RATE 10.55%. *** RENT CAN BE RAISED AT LEAST $150.00 PER MONTH PER UNIT. GROSS YEARLY: $94,800. ANNUAL EXP:$15,755. NET INCOME: $79,045.
Location
State CA
County San Bernardino
Area 273 - Colton
Rooms
Ensuite Laundry None
Interior
Interior Features TileCounters
Laundry Location None
Heating WallFurnace
Cooling WallWindowUnits
Flooring Carpet, Tile
Fireplaces Type None
Fireplace No
Appliance GasOven, GasRange
Laundry None
Exterior
Garage Assigned
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Urban
Parking Type Assigned
Total Parking Spaces 26
Private Pool No
Building
Lot Description Item610UnitsAcre
Story 1
Entry Level One
Sewer SepticTank
Water Public
Level or Stories One
Others
Senior Community No
Tax ID 0274152440000
Acceptable Financing Cash, CashtoNewLoan, Conventional, OwnerWillCarry, OwnerMayCarry, Submit
Listing Terms Cash, CashtoNewLoan, Conventional, OwnerWillCarry, OwnerMayCarry, Submit
Financing Contract
Special Listing Condition Standard
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Bought with James Kuang • Coldwell Banker New Century