461 N 7th Street

    Colton, CA 92324
    • $494,500
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: CV18254607
    UPDATED: 48 min ago
    $494,500
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,474
      SQFT
    • $200
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:
    Area:

    School Ratings & Info

    Description

    4 detached units near oldtown colton. 2 front larger units have had recent updates, back 2 smaller units are in more basic shape.None share a wall, all are separate structures. 3 units at ground level & single story. Smallest unit sits above the garages (2nd floor), also single story.Property sits across the street from a church & small park, next door to the colton women's club, and walking distance to US post office, and city hall, as well as very near colton high school. At asking price, great existing 8.6% cap rate, a even better 9%+ at current market rents.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T08:28:17.697. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88701828

    461 N 7th Street Colton, CA 92324

    • Price: $494,500
    • Status: Active
    • Updated: 48 min ago
    • ID#: CV18254607
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,474
    SQFT
    $200
    $/SQFT
    1925
    Built
    Neighborhood:
    273 - Colton
    County:
    San Bernardino
    Area:
    273 - Colton
    Property Description
    4 detached units near oldtown colton. 2 front larger units have had recent updates, back 2 smaller units are in more basic shape.None share a wall, all are separate structures. 3 units at ground level & single story. Smallest unit sits above the garages (2nd floor), also single story.Property sits across the street from a church & small park, next door to the colton women's club, and walking distance to US post office, and city hall, as well as very near colton high school. At asking price, great existing 8.6% cap rate, a even better 9%+ at current market rents.
    Exterior Features

    Garage Spaces 2.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features AreaIn Garage Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalksSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 0.00 Garage Rental Rate 0.00 Gardener Expense 1200.00 Gross Income 0.00 Gross Scheduled Income 42900.00 Insurance Expense 1271.00 Land Lease YN No Laundry Income 0.00 Laundry YN Yes Net Operating Income 38700.00 New Construction YN No New Taxes Expense 6000.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number Wall AC 2 Number With Range 4 Operating Expense 4200.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Rent Control YN No Security Expense 0.00 Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasInsurancePest ControlTelephone Total Expenses 11000.00 Trash Expense 300.00 Water Sewer Expense 2100.00 Water Source Public Workmans Compensation Expense 0.00

    Listing provided courtesy of John Santana of Jamil Alam, Broker.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T08:28:17.697. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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