481 N 9th Street, Colton, CA

Others for Sale - $1,488,888 - 6,932 Sq. Ft. on 0.34 acres


Agent Info

Robin Marquez
Coldwell Banker Top Team

Property Info

CIMLS#1159571
Location
  481 N 9th Street
  Colton CA 92324
UpdatedMay 21st, 2024
TypeOthers
Price$1,488,888
Building6,932 Sq. Ft.
Land0.34 acres

Property Description

Two properties for the price of one!!! 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!


Financials



Similar Listings