1701 E Fairfield CT Pending Save Request In-Person Tour Request Virtual Tour
Ontario,CA 91761
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSB24142846
Year Built 1980
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.
Location
State CA
County San Bernardino
Area 686 - Ontario
Interior
Heating Forced Air,Central Forced Air
Cooling Central AC
Laundry In Garage
Exterior
Garage Garage
Garage Spaces 5.0
Pool None
View Local/Neighborhood
Building
Water District - Public
Others
Special Listing Condition Not Applicable