1046 N La Cadena Drive Save Request In-Person Tour Request Virtual Tour
Colton,CA 92324
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,538 sqft
Price per Sqft $246
MLS Listing ID CRCV25187101
Year Built 1900
Lot Size 7,500 Sqft
Property Sub-Type OTHER
Property Description
We are pleased to present an incredible opportunity to own a fully renovated 2-unit property in Colton-both units will be delivered vacant at the close of escrow! Ideal for investors seeking immediate market rents or owner-users looking to live in one and rent the other. The property features (1) 3-Bed/1-Bath + Office and (1) 3-Bed/1-Bath unit, both upgraded with new flooring, renovated kitchens, updated bathrooms, and more. Situated on a spacious 7,500 sq. ft. gated lot, the property also features xeriscape landscaping for low-maintenance ownership. The large lot allots plenty of room for ADU(s) in the future (Buyer to verify with city authorities). Major capital improvements already completed: new roof, copper plumbing, upgraded electrical wiring, new water main line, and perimeter security gate-allowing investors to focus on cash flow, not repairs. Utilities are separately metered for gas and electricity, further reducing ownership expenses. In unit laundry hookups available. With a projected 6.58% Cap Rate and 10.44 GRM at market rents, this is a rare chance to own a charming duplex with strong potential cash-flow in a high demand rental market.
Location
State CA
County San Bernardino
Interior
Heating Floor Furnace
Cooling Wall/Window Unit(s)
Laundry Other