173 W Cascade Dr - Multi-Family FOR SALE


Rialto, CA 92376
$950,000 USD
951-375-7433
173 W Cascade Dr, Rialto, CA for Sale
$950,000 USD
Multi-Family - FOR SALE
1/30
null | Request Cap Rate

173 W Cascade Dr
Rialto, CA 92376


HIGHLIGHTS

  • BEAUTIFUL 4PLEX LOCATED ON QUIET HIGH PRIDE OF OWNERSHIP CU-DE-SAC STREET
  • PERFORMS AT 9.24 GROSS RENT MULTIPLIER AT MARKET RENTS!
  • NEW ROOM AND WINDOWS!
  • LARGE QUARTER ACRE LOT WITH BUILDING PAD TO DOUBLE UNITS!!
  • LOCATED OFF THE 10/210 FREEWAYS, JUST 25 MINUTE DRIVE TO LA/ORANGE COUNTIES

OVERVIEW

This fine multifamily 4 unit offering is located in the City of Rialto. Rialto is located just off the I-10 Freeway, just minutes west of Ontario International Airport. We are conveniently located between the 10 and 210 Freeways, just off Riverside Drive that directly connects to both freeways. We are just a 25 minute drive to LA and Orange Counties. These units consist of one 3 bedroom 2 bath, and three 2 bedrooms 1 bath. These units further have four 1 car garages. All units are separately metered with gas/electric that tenants sign up and pay for. The only landlord operating expenses are water/sewer and trash. This complexes quiet neighborhood has outstanding pride of ownership, consisting of single and multifamily residences. Further the subject is located on a large 10,000 square cul-de-sac lot with no drive through traffic. Our location is ideal! We're a short walking distance to elementary/middle/high schools. The bus stop is on same street! Plus Walmart and Stater Bros are within an easy short walking distance. Our units are immaculately pretty and have been upgraded with a new roof and windows! Kitchens have been upgraded with new/newer appliances and cabinetry. Tile flooring and ceiling fans can be found throughout these fine units! These units really perform. While actual rents are below market, they are month to month and can be brought up to market. And this offering boasts a 9.24 Gross Rent Multiplier at market rents! And if one plugs in market rents (see rent comps attached), this offering put out annual gross rents of $102,720!!! To view these figures, please see rent roll and rent comps in the Marketing Package attached. With this offering, it includes a building pad, where one could double the units size! This is a stunning add value benefit!!! This offering isn't too good to be true! It's real!! Don't miss out!!!

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BEAUTIFUL 4PLEX W/ BUILDING PAD IN RIALTO

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

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Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.