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Listed by Tony Burton • Burton Commercial, Inc.
$ 950,000
Est. payment | /mo
7,686 Sqft Lot
$ 950,000
Est. payment | /mo
7,686 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSW25148442
Year Built 1959
Lot Size 7,686 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
This listing is a unique offering because it's the best priced Rialto 4Plex offering in years!! This fine complex is a superb location since it's only walking minutes from grocery, drug store, and bus stop. It's also just minutes from the 10 freeway!! This complex consists of three 2 bedroom 1 bath units, and one 1 bedroom 1 bath unit. The Seller has kept the units updated, inside and out. Also, the Seller put on a new roof in 2019!!! This is an incredible buy!! Check out the SALE COMPS in the SUPPLEMENTS attached. SALE COMP 428 W Ramona, just down the street from us & sold for $1,000,000!!! SALE COMP 1401 N Willow Ave, a few blocks away, is WAY inferior because it's all 1 bedrooms/1 baths & sold for $943,000!!! This complex really performs! At market rents, it's putting out a $100,740 annual gross income, a 9.43 Gross Rent Multiplier, a robust 9.20% Cap Rate, and an incredible 17.22% Cash on Cash Return!!! For info on returns, income, expenses, rent/sale comps, PLEASE SEE SUPPLEMENTS attached. Landlord pays water and trash and each tenant has their on metered gas & electric which they sign up and pay for. Please take a close look at the pictures! These are beautiful units, priced great, and perform really, really, well!!!
Location
State CA
County San Bernardino
Area 272 - Rialto
Interior
Laundry Laundry Area
Exterior
Garage Spaces 10.0
Pool None
Building
Water District - Public
Others
Tax ID 0127581140000
Special Listing Condition Not Applicable
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037