Description
3 Units! Exceptional Multi-Unit Investment Opportunity! Don't miss this rare opportunity to own a versatile income-producing property in the heart of Colton! Situated on a 7,500 sq. ft. lot with convenient alley access, this unique property features three separate living spaces, making it ideal for investors or owner-occupants looking to offset their mortgage with rental income. The main residence offers 2 bedrooms, 1 bathroom, a dedicated office, laundry room and approximately 1,424 sq. ft. of comfortable living space and a BRAND NEW ROOF! Tucked behind the main home is a two-story secondary structure featuring two additional units. The upstairs unit offers 1 bedroom, 1 bathroom, in-unit laundry, and approximately 742 sq. ft. The lower unit features 1 bedroom, 1 bathroom, and approximately 428 sq. ft. A separate storage area provides added convenience for tenants. The property also boasts an extended driveway with parking for multiple vehicles, an extra-large, extra-tall carport ideal for oversized vehicles or additional covered parking, and alley access that enhances functionality and accessibility. Whether you're looking to expand your investment portfolio or live in the front home while generating rental income from the rear units, this property offers outstanding flexibility and value. The property is currently tenant occupied, generating approximately $6,400 per month in rental income, with the main home renting for $2,800/month, the upstairs unit for $2,000/month, and the lower unit for $1,600/month. Buyers are advised to verify all rental information and lease terms during their due diligence. This is a rare opportunity to own a property with multiple income streams, abundant parking, and exceptional potentialall in one package!
Details
| MLS # | IG26151151 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1921 |
| Days On Site | 46 |
| Listing Provided By | Berkshire Hathaway Homeservices California Realty | Felice Hickerson |
Features
| SQ Feet | 2,594 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 2 |
| Acreage | 0.17 |
| Property View | None |
Interior
| Cooling | Central Air, Wall Window Units |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | Colton |
| Zip Code | 92324 |
| Area | 273 Colton |
| Listing VS Median (in 92324) | |
Price: $695,000 low | high Med: $600,000 sqft: 2,594 low | high Med: 2,560 $ / sqft: $268 low | high Med: $234 On site: 46 low | high Med: 124 | |
Market Activity 92324
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | Colton |
| Zip Code | 92324 |
| Area | 273 Colton |
| Listing VS Median (in 92324) | |
Price: $695,000 low | high Med: $600,000 sqft: 2,594 low | high Med: 2,560 $ / sqft: $268 low | high Med: $234 On site: 46 low | high Med: 124 | |