Location, location, location!! Excellent opportunity for developer to purchase this highly sought after flat useable (over) two acre corner lot, located in a desirable residential area of Fontana. Lot currently has two rental units one with 3 bedrooms 1 bath & the other 1 bedroom & 1 bath. The home is currently located within walking distance to Fontana High School, subject lot is zoned residential with the possibility of sub-dividing the lots into 10 to 12 single family homes. This location & lot is a must to see for any investor/builder.
BRING YOUR INVESTORS & 1031 EXCHANGE BUYERS - 100% LEASED - 5.78%CAP - RENOVATED WITH GREAT UNIT MIX. The subject property is a 6 unit single story, THREE building apartment property built in 1944 and completely renovated in 2009. The property has an excellent unit mix consisting of (4) 3bd/1bths, (1) 2bd/1bth and (1) 1bd/1bth. The units are separately metered for gas and electricity. The units are on a large 28,980 square foot multifamily zoned lot. With no on site manager required and recent rehab work, maintenance and repair expenses are kept to a minimum. The 2009 renovation work includes new roofs, exterior stucco work and paint, new windows, new concrete tenant parking lot and iron parameter fencing. The interiors have been upgraded with new tile flooring and paint. Quiet neighborhood and easy to rent units.
Great Investment Property or a large family with extended relatives. Nicely landscaped 2 unit property. Front Unit has 2 bed and 1 bath; Back Unit has 2 bed and 2 bath. Move in condition. Centrally located near shops, restaurants, schools and church. This property will sell fast!
Completely Renovated in 2013, two separate homes on one lot! Both homes offer 2 bedrooms, 1 bath. 888 SqFt for the front home and 916 SqFt. for the back home per public records. Great opportunity to rent one unit and live in the other unit. The property has a two car detached garage; Plenty of back yard to expand the second unit or use it in many other ways. Long driveway to park plenty of cars or toys. Separate Gas and Electric meters for each unit. Front unit has a underground basement. Back unit on a concrete slab. Easy access to the 10 and 210 Freeways.
Property shown by appointment only.
Contact Listing Agent, Andrew To, at (909) 217-9835 or AndrewTo@kw.com for more information.
What a perfect opportunity for investment; this is a truly fixer upper, or for you first time buyer to live in one and rent the other.Property needs work on both units; the seller and seller's family occupy both units. Front unit is a two bedroom one bath and the back unit is a one bedroom one bath with two car garage attached.
* * * * Agents Please Read Agent Remarks Forthe Supplements and Information On Submitting Your Offers. Thank You * * * ** * * Multiple Units * * * The City Shows This As Two Residential Properties. The Front Home Is Built in 1914 and Is Approximately 984 Sq.Ft. This Home Features All New Interior 2Tone Paint and New Neutral Carpet. Great For A Rental.The Second Home Is Approximately 3,208 Sq.Ft Built in 1959 and Has Been Converted To Multiple Units, Possibly Without Permits. This Home Has One Water Meter, One Gas Meter and One Electric Meter. These Homes (Units) Are Priced To Sell. Hurry On These Or They Will Be Gone. The Rear Lot Not Included in Sale.