REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 575,000
Est. payment | /mo
4 Beds
2 Baths
1,444 SqFt
$ 575,000
Est. payment | /mo
4 Beds
2 Baths
1,444 SqFt
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 1,444 sqft
Price per Sqft $398
MLS Listing ID OC25158157
Bedrooms 4
Full Baths 2
Year Built 1925
Property Sub-Type Townhome
Property Description
Excellent investment opportunity in the city of Colton. This legal two-unit property features two separate 2 bedroom, 1 bathroom units, each with its own gas, water, and electric meter. Live in one unit and rent out the other, or rent out both for steady cash flow. One unit is currently leased to a long-time tenant at $1,850 per month, and the second unit is rented at $700 per month. The property generates a gross scheduled income of $25,500 per year, with low annual operating expenses of just $4,200. Net operating income is approximately $21,300 annually. Both homes have new roofs, and while the interiors could use some cosmetic upgrades and general TLC, the property offers strong value-add potential. Situated on a 6,664 square foot lot, the property includes driveway parking and a storage shed. No rent control. Eligible for FHA, Conventional, and VA financing. Do not disturb occupants. Drive by only. Ideal for investors or owner-occupants looking for a multi-unit property with income, equity potential, and long-term upside.
Location
State CA
County San Bernardino
Direction Cross: Maple
Interior
Heating Wall/Gravity
Fireplace No
Exterior
View Y/N Yes
Water Access Desc Public
View Neighborhood, City Lights
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Tax ID 0163172500000
Special Listing Condition Standard
Listed by Andrew Poland Villagomez Real Broker
8322 Clairemont Mesa Blvd Suite 206, Diego, California, 92111, United States