Exciting 4 Unit property with over a 10% cap rate on a perfect investment location! Rents currently being received are $2,700 a month, all 4 units are already rented and in contract, so start making money right away! This is a recently remodeled 4 unit complex with (2) 2 bed, 2 bath units and (2) 1 bed, 1 bath units; each unit includes newly installed AC/ Heat mini split system, upgraded electrical, plumbing and so much more. Over $50,000 in remodel and upgrades. Units are within walking distance of TVCC (local community college), Downtown area, Ontario middle school, supermarket, laundromat and more. (1) 2 bd unit is on new 1 yr lease, other 3 units are currently month to month and willing to renew leases. Or move into one unit as owner occupied and allow income from other units to pay for loan! Rents are always on time, never had to evict. There is a shortage of rentals in the area and this properties vacancy rate is Zero!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
