1245 N Mount Vernon Avenue
Colton, CA 92324
0.39 acres | #CV25085084
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.
Property Details
- Lot DescriptionTwentySixToThirtyUnitsAcre
- CountySan Bernardino
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$1,950,000
- MLS #CV25085084
- MLS #CV25085084
- Property SubtypeApartment
- Cost1950000
- Acres0.39
- Year Built1940
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: William Melton (#CV44133)
Listing Office: PAEZ REALTY COMPANY (#50526)
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