1701 E Fairfield CT Pending Save Request In-Person Tour Request Virtual Tour
Ontario,CA 91761
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,269 sqft
Price per Sqft $351
MLS Listing ID SB24142846
Year Built 1980
Annual Tax Amount $13,687
Lot Size 0.325 Acres
Property Description
Presenting a well-maintained two-story quadruplex with an impressive 5.45% cap rate, offering significant income upside and an opportunity to push the cap rate to over 6% within a year. This fully occupied property features four spacious units: one 3-bedroom, 2-bath and 2 car garage unit, and three 2-bedroom, 1.5-bath and 1 car garage units. Three of the units have been upgraded. Each unit is equipped with central air and heat, ensuring year-round comfort for tenants. All units are currently occupied, with one lease secured until July 2025 and the remaining units on a month-to-month basis to provide maximum flexibility for the new owner. Each unit has separate electric and gas meters, its own garage, and laundry hookups. The owner has provided a washer, dryer, and refrigerator in three of the units, which will convey to the buyer. Tenants can enjoy outdoor spaces with either a patio, balcony, or small yard. Ideally situated close to schools, major freeways, shopping centers, restaurants, and more, this property offers convenience and accessibility for all tenants. This is a rare opportunity for investors to acquire a stable, income-producing property with the potential for increased rents and other income through garage rents or RUBS implementation for water, sewer, and trash. Don't miss out on this exceptional investment in a high-demand area. Current low interest rate VA loan may be assumed by military buyer.
Location
State CA
County San Bernardino
Area 686 - Ontario
Rooms
Ensuite Laundry In Garage
Interior
Laundry Location In Garage
Heating Central,Forced Air
Cooling Central Air
Inclusions Washer & Dryer (3 each), Refrigerator (3)
Laundry In Garage
Exterior
Garage Garage,Garage Faces Side
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs,Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N Yes
View Neighborhood
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,FHA,Submit,VA Loan
Listing Terms Cash,Cash to New Loan,FHA,Submit,VA Loan
Special Listing Condition Standard