Listing Agent: Andrew Poland Villagomez      Broker/Office: Real Broker
659 7th Street S Colton CA 92324
$ 575,000
  4   |    2   |    1444 Sq Feet

Listing ID

#OC25158157

Status

Active

Property Type

Duplex

County

San Bernardino

Year Built

1925

Days on website

2

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
Financial Information
List Price:  $ 575000
Property Features
Community Features:  Sidewalks
High School District:  Colton Unified
Levels:  One
Parking Features:  Driveway
Senior Community YN:  false
Structure Type:  Duplex
View:  Neighborhood
Water Source:  Public
High School District:  Colton Unified
Senior Community YN:  false
MLS Area Major:  273 - Colton
City:  Colton
Listed By:   Andrew Poland Villagomez   Real Broker 
Co-listed by
Cameron Schlig  
CA Lic#