$1,445,000
$1,488,888
2.9%For more information regarding the value of a property, please contact us for a free consultation.
6,932 SqFt
SOLD DATE : 07/15/2024
Key Details
Sold Price $1,445,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 6,932 sqft
Price per Sqft $208
MLS Listing ID TR24092028
Sold Date 07/15/24
HOA Y/N No
Year Built 1939
Annual Tax Amount $11,465
Tax Year 2023
Lot Size 0.344 Acres
Acres 0.3444
Property 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!
Location
State CA
County San Bernardino
Area 273 - Colton
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Door-Single, Garage, Guest, Public, Uncovered
Garage Spaces 11.0
Garage Description 11.0
Pool None
Community Features Park
Parking Type Door-Single, Garage, Guest, Public, Uncovered
Total Parking Spaces 20
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level One,Two
Sewer Public Sewer
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 0162101060000
Energy Description 440.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Robin Marquez • Coldwell Banker Top Team
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