$4,321,500
$4,350,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
24 Beds
12 Baths
10,044 SqFt
SOLD DATE : 11/02/2022
Key Details
Sold Price $4,321,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,044 sqft
Price per Sqft $430
MLS Listing ID 22160265
Sold Date 11/02/22
Bedrooms 24
HOA Y/N No
Year Built 1963
Lot Size 0.707 Acres
Property Description
GREAT PRICE with a 4.00% Cap Rate on Current Rents! We are pleased to present a One-Of-A-Kind Investment Opportunity in a prime Montclair neighborhood. This listing features TWELVE Spacious 2 Bedroom + 1 Bathroom Units (Approximately 837 Square Feet Each). The property consists of SIX Single-Story Detached Duplexes on a Large 30,800 Square Foot Lot, just a couple blocks from the Montclair Town Center. Property has been Meticulously Maintained under the same ownership for Over 35 Years! There are minimal landlord expenses as units are separately metered for Gas and Electricity. All units have central A/C, Dual Pane/Low-E Glass Windows, Garage Parking, Private Patios and Laundry Hook-Ups. Property has Strong In-Place Rents with Realistic Rental Upside. ALL Six Duplexes are separately parceled allowing a Buyer to utilize Residential 30 Year Fixed Financing. Many Recent Capital Improvements include Copper Plumbing - Horizontal & Vertical, and a New Roof in 2016. Tenants can appreciate being within a short commute to Downtown Montclair and the major freeways such as 10, 71 and 60. This is a Great Asset located in a Limited Inventory Market.
Location
State CA
County San Bernardino
Area 685 - Montclair
Zoning Multifamily
Interior
Cooling Central Air
Fireplace No
Exterior
Parking Features Garage, Uncovered
Garage Spaces 12.0
Garage Description 12.0
Total Parking Spaces 36
Building
Story 1
New Construction No
Others
Senior Community No
Tax ID 1010611020000
Special Listing Condition Standard
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Bought with Michele Sparks-Finn • Pacific Sotheby’s International Realty