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Listed by Kristopher German • RE/MAX 2000 REALTY
$625,000
Est. payment /mo
7,500 Sqft Lot
Contingent
1046 N La Cadena DR Colton, CA 92324
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRCV25187101
Year Built 1900
Lot Size 7,500 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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
Area 273 - Colton
Interior
Heating Floor Furnace
Cooling Window / Wall Unit
Laundry 38
Exterior
Parking Features Assigned Spaces, Other
Garage Spaces 6.0
Pool 31, None
Building
Water District - Public
Others
Tax ID 0161191060000
Special Listing Condition Not Applicable , Accepting Backups
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