MLS® ID: CV19073285
827 N Palmetto Avenue
Ontario, California, 91762 $2,625,000
BACK ON MARKET! Current CAP Rate 5.27%! Only 12.1 GRM! We are pleased to exclusively offer for sale this 14 unit multi-family asset in the highly sought after rental community of the city of Ontario. The subject property offers a diverse unit mix comprised of 7 (2 Bed/1.75 Bath)s, 3 (1 Bed/1 Bath)s, and 4 Studio apartments. Tenants enjoy newly renovated onsite sparkling pool, both garage and open space parking, as well as a laundry facility. All units are separately metered for electricity & gas while the owner pays for water and trash. With some modest capital improvement over time, a new investor can take advantage of an ever-increasing housing demand in the area, and the subsequent escalation in rental rates bringing the market cash-on-cash return to over 6%!