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Listed by William Melton • PAEZ REALTY COMPANY
$1,950,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25085084
Year Built 1940
Source California Regional MLS
Property Description
Pleased to present 1245 N Mount Vernon Avenue, an 11-unit multifamily property in Colton, CA. The property offers strong cash flow, with an actual cap rate of 5.71% and a proforma cap rate of 6.41%. The owner covers water, sewer, and trash, while tenants pay for gas and electricity. Extensive interior and exterior renovations have been completed, ensuring a seamless transition for the next owner. Well-Maintained & Fully Occupied Minimal Management Required On-Site & Street Parking Additional Income from Laundry ADU Potential - Opportunity to add two ADUs (buyer to verify with the city) Low Operating Expenses Prime Location - Ideally situated right off the 10 Freeway, with a quiet residential neighborhood on one side and major shopping centers on the other. Close to San Bernardino Valley College, Costco, Walmart, and Arrowhead Regional Medical Center, ensuring strong rental demand.
Location
State CA
County San Bernardino
Area 273 - Colton
Interior
Laundry None
Exterior
Pool None
Others
Tax ID 0161134070000
Special Listing Condition Not Applicable
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