MLS® ID: CV19073285

827 N Palmetto Avenue

Ontario, California, 91762

$2,625,000 Pending
  • - SQFT
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%!
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Listing courtesy of RE/MAX 2000

Amenities

  • Full baths
    0
  • Half baths
    0
  • Three-quarter Baths
    0
  • Total Baths
    0
  • Zip
    91762
  • Office name
    RE/MAX 2000
  • SQFT
    0
  • Bedrooms
    0
  • Zoning type
    R-3
  • Year built
    1966
  • Lot size
    12640.00
  • Sewer
    Public Sewer
  • Tax year
    0
  • Agent name
    KRISTOPHER GERMAN
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    50561
  • Agent ID
    CV33418

Location

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