241 W F STREET, COLTON CA 92324
- 4,366 sq.ft.
- 16,492 sq.ft. lot
7.15% CAP RATE. 5 Units Apartment with Long term tenants ( some tenants have been lived there over 10 Years) and total rent is $6150/m. Current rents are below market with potential rent of $7193/m.( check the 2020 Section 8 payment standards for Colton). A triplex and duplex building both are single level. Walk to city hall, Banks, local markets and restaurants. New double pane windows, installed 12 new window AC on the wall and exterior paint 2.5 years ago. 3 of the 5 units remodeled interior with new paint, new tile, new carpet and some new ceiling fans. Side yard for all 2 and 3 bedroom units. Covered Carports and uncovered parking space. Big FLAT lot 16492 SF possibly build more units. (Please consult the City). Low maintenance. Tenants pay electric, gas and TRASH service, the landlord pays water and gardening. Washer and dryer hook ups inside of the units. New electric panel replaced last year for the duplex with a building permit. 2 new water heater replaced 2.5 years ago. There are lots of parking spaces nearby and the tenants have never complained about parking. The Triplex has 3 covered parking spaces and 1 uncovered parking space at the rear of the property (alongside an alley behind the property). Schools include: Lincoln Elementary School, Colton Middle School and Colton High School. (School assignments deemed reliable though agents must perform their own independent investigation).
Listing Courtesy of LAWRENCE SCHOELCH, GOLDEN WEST REAL ESTATE
raj qsarCEO | Owner |
- cell 714.412.5019
- office 949.612.2535
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